Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 102
... euro ) , is well in harmony with the objective of further convergence of Estonia's economic environment to the EMU single currency system . It will significantly enhance Estonian financial and real sector's integration into the European ...
... euro ) , is well in harmony with the objective of further convergence of Estonia's economic environment to the EMU single currency system . It will significantly enhance Estonian financial and real sector's integration into the European ...
Page 120
... financial institutions to seek for such opportunities . Bank of Estonia Act and Other Monetary Legislation Estonian monetary legislation is based on two pillars . The first of them comprises the Bank of Estonia Act ( 1993 ) that has ...
... financial institutions to seek for such opportunities . Bank of Estonia Act and Other Monetary Legislation Estonian monetary legislation is based on two pillars . The first of them comprises the Bank of Estonia Act ( 1993 ) that has ...
Page 121
... monetary policy and means of its implementation . The governor is by law responsible for implementation of the monetary ... Estonian kroon that establishes clear guidelines and responsibilities in that respect . Firstly , the law stipulates ...
... monetary policy and means of its implementation . The governor is by law responsible for implementation of the monetary ... Estonian kroon that establishes clear guidelines and responsibilities in that respect . Firstly , the law stipulates ...
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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 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