Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 87
... bank notes were issued by designated commercial banks , as they are today . The only thing that featured a currency board system was the special note issuing mechanism whereby the note issuing banks are required to submit to the ...
... bank notes were issued by designated commercial banks , as they are today . The only thing that featured a currency board system was the special note issuing mechanism whereby the note issuing banks are required to submit to the ...
Page 94
... banking system , the reserve requirement is no longer applied on deposits in banks with maturity over one year . The currently applied reserve requirement rate to all domestic and foreign commercial banks is 10 percent . The Bank of ...
... banking system , the reserve requirement is no longer applied on deposits in banks with maturity over one year . The currently applied reserve requirement rate to all domestic and foreign commercial banks is 10 percent . The Bank of ...
Page 118
... Bank of Estonia Act ( 1993 ) provides the central bank with appropriate powers to regulate banking and money markets , and also capital movements and payments . Investment activities and services by commercial banks are regulated by ...
... Bank of Estonia Act ( 1993 ) provides the central bank with appropriate powers to regulate banking and money markets , and also capital movements and payments . Investment activities and services by commercial banks are regulated by ...
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accession countries adjustment adopt the euro anchor currency assets average Bank of Estonia Bank of Lithuania banking sector banking system budget Bulgaria candidate countries capital movements cent central bank commercial banks competitiveness credibility currency board arrangement currency board system Currency Commission current account deficit debt Directorate domestic Economic and Financial Economic and Monetary economic policy EMU acquis ERMII Estonian kroon Estonian monetary euro area European Commission European Union exchange rate policy exchange rate regime exports Financial Affairs financial markets financial sector fiscal policy fixed exchange rate flexibility foreign exchange framework growth Hong Kong Honohan implementation important increase inflation integration interbank interest rates investment Irish pound joining the euro liquidity litas macroeconomic Member monetary policy monetary system Monetary Union money market nominal participation payments percent period real exchange rate reserve requirement Russian crisis seigniorage stabilisation trade transition economies wages