Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 116
... investment needs . In Estonia the merchandise trade deficit has exceeded the level of 20 % of GDP in 1996 - 1998. The sustainability of the deficit has been enhanced by inflows of FDI , the latter being sufficient to cover the current ...
... investment needs . In Estonia the merchandise trade deficit has exceeded the level of 20 % of GDP in 1996 - 1998. The sustainability of the deficit has been enhanced by inflows of FDI , the latter being sufficient to cover the current ...
Page 118
... investments are concerned , the Foreign Investment Act ( 1991 ) together with the legislation regulating economic activities in specific areas form the legal basis for investments . Investments into real estate are governed by special ...
... investments are concerned , the Foreign Investment Act ( 1991 ) together with the legislation regulating economic activities in specific areas form the legal basis for investments . Investments into real estate are governed by special ...
Page 134
... investment inflows . At the end of 1999 , it had attracted the second largest stock of foreign direct investment per capita in eastern and central Europe ( after Hungary ) . This has been largely linked to the fact that it had completed ...
... investment inflows . At the end of 1999 , it had attracted the second largest stock of foreign direct investment per capita in eastern and central Europe ( after Hungary ) . This has been largely linked to the fact that it had completed ...
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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