Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 23
... TRANSITION ECONOMIES Before discussing the specific pros and cons of currency board arrangements during the accession process ahead , it is useful to ask how transition economies with currency board arrangements have fared . With ...
... TRANSITION ECONOMIES Before discussing the specific pros and cons of currency board arrangements during the accession process ahead , it is useful to ask how transition economies with currency board arrangements have fared . With ...
Page 31
... transition countries shows that sound macroeconomic policies , greater ... economies preparing for EU accession ( with increased spending needs to ... transition economies , and the problem of asymmetric shocks need not be a serious ...
... transition countries shows that sound macroeconomic policies , greater ... economies preparing for EU accession ( with increased spending needs to ... transition economies , and the problem of asymmetric shocks need not be a serious ...
Page 102
... economy . 1.2 . Optimality of adoption of the currency board arrangement in Estonia For transition economies the choice of monetary policy sets basic conditions for transition in its early stage . Monetary stability is one of the most ...
... economy . 1.2 . Optimality of adoption of the currency board arrangement in Estonia For transition economies the choice of monetary policy sets basic conditions for transition in its early stage . Monetary stability is one of the most ...
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Common terms and phrases
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