Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 86
... currency board system still stands as the most appropriate exchange rate arrangement for Hong Kong , providing a monetary anchor for a small , open economy that is heavily reliant on external trade and investment . While currency board ...
... currency board system still stands as the most appropriate exchange rate arrangement for Hong Kong , providing a monetary anchor for a small , open economy that is heavily reliant on external trade and investment . While currency board ...
Page 87
... currency board system , Ireland started with a pure currency board model with the Currency Commission enforcing the ... Arrangement between the Exchange Fund and the clearing house , and finally directly in 1996 when all licensed banks ...
... currency board system , Ireland started with a pure currency board model with the Currency Commission enforcing the ... Arrangement between the Exchange Fund and the clearing house , and finally directly in 1996 when all licensed banks ...
Page 102
... exchange rate has successfully performed as a nominal anchor for open sector prices as well as for interest rate convergence . Both in end - 1997 and in August 1998 the currency board arrangement proved its resistance capability in the ...
... exchange rate has successfully performed as a nominal anchor for open sector prices as well as for interest rate convergence . Both in end - 1997 and in August 1998 the currency board arrangement proved its resistance capability in the ...
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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