Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 108
... increased dramatically in the beginning of 1990's . By the end of 1992 there were more than 40 banks operating in Estonia ... increase of profitability in the banking sector in 1999. Additionally , the substantial deepening of financial ...
... increased dramatically in the beginning of 1990's . By the end of 1992 there were more than 40 banks operating in Estonia ... increase of profitability in the banking sector in 1999. Additionally , the substantial deepening of financial ...
Page 114
... increase in productivity in Estonia until it reaches the level that broadly corresponds to the level of developed countries ( after the Russian crisis ULC went up and stopped the price conversion of tradables for a while ) . Similarly ...
... increase in productivity in Estonia until it reaches the level that broadly corresponds to the level of developed countries ( after the Russian crisis ULC went up and stopped the price conversion of tradables for a while ) . Similarly ...
Page 137
... increase in 1996-1997 , with annual increase of 9 % and 27 % respectively . In 1999 , productivity growth has been more modest , due essentially to the very sudden fall in output and slower speed of adjustment of the labour market . The ...
... increase in 1996-1997 , with annual increase of 9 % and 27 % respectively . In 1999 , productivity growth has been more modest , due essentially to the very sudden fall in output and slower speed of adjustment of the labour market . 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