Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 12
... policy framework , notably by raising markets ' expectations of a change in ... economic performance of the countries with a CBA , notably as regards ... policy makers when the country joined the EU and the ERMII had been to avoid giving ...
... policy framework , notably by raising markets ' expectations of a change in ... economic performance of the countries with a CBA , notably as regards ... policy makers when the country joined the EU and the ERMII had been to avoid giving ...
Page 102
... economic environment . It should be noted , however , that fixed exchange rate regime was one component of the general economic policy framework aimed at macroeconomic stabilisation . Other policies such as liberal external trade regime ...
... economic environment . It should be noted , however , that fixed exchange rate regime was one component of the general economic policy framework aimed at macroeconomic stabilisation . Other policies such as liberal external trade regime ...
Page 119
... economic and monetary policy is set up in the legislation covering two broad areas -fiscal policy and monetary policy . Economic and fiscal policy as well as policy co- ordination is operating under the State Budget Act , the Act on the ...
... economic and monetary policy is set up in the legislation covering two broad areas -fiscal policy and monetary policy . Economic and fiscal policy as well as policy co- ordination is operating under the State Budget Act , the Act on 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