Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 21
... regimes . During 1975-96 , annual inflation averaged about 6 percent per year for countries with currency boards , 22 ... regime may make little difference . Table 1 : Macroeconomic Performance Under Alternative Exchange Rate Regimes4 20.
... regimes . During 1975-96 , annual inflation averaged about 6 percent per year for countries with currency boards , 22 ... regime may make little difference . Table 1 : Macroeconomic Performance Under Alternative Exchange Rate Regimes4 20.
Page 28
... exchange rates to a band of up to 15 percent around the central rate ... exchange rate stability ; helping to ensure that countries enter the euro zone at an ... regime during ERM II . One argument would be that a regime allowing some ...
... exchange rates to a band of up to 15 percent around the central rate ... exchange rate stability ; helping to ensure that countries enter the euro zone at an ... regime during ERM II . One argument would be that a regime allowing some ...
Page 91
... exchange rate policy developed by the Bank of Lithuania . Maintaining a stable exchange rate of the national ... regime : a high level of openness and liberalism of the economy and a recent inflationary inertia . The macroeconomic ...
... exchange rate policy developed by the Bank of Lithuania . Maintaining a stable exchange rate of the national ... regime : a high level of openness and liberalism of the economy and a recent inflationary inertia . The macroeconomic ...
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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