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
... fixed exchange rate systems , including CBAS ; and whether the good economic performance of the countries with a CBA , notably as regards inflation , would have been possible under another exchange rate system . In his reply , Mr Keller ...
... fixed exchange rate systems , including CBAS ; and whether the good economic performance of the countries with a CBA , notably as regards inflation , would have been possible under another exchange rate system . In his reply , Mr Keller ...
Page 20
... fixed exchange rate peg to an anchor currency ; automatic convertibility ( that is , the right to exchange domestic currency at the fixed rate whenever desired ) ; prohibition on domestic credit creation by the central bank ; and a long ...
... fixed exchange rate peg to an anchor currency ; automatic convertibility ( that is , the right to exchange domestic currency at the fixed rate whenever desired ) ; prohibition on domestic credit creation by the central bank ; and a long ...
Page 92
... fixed exchange rate that has been maintained for 5 and a half years , unlimited exchange of litas into the anchor currency ( the US dollar ) and vice versa , and complete backing of the Bank of Lithuania liabilities in the national ...
... fixed exchange rate that has been maintained for 5 and a half years , unlimited exchange of litas into the anchor currency ( the US dollar ) and vice versa , and complete backing of the Bank of Lithuania liabilities in the national ...
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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