Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 3
... Candidate Countries on the road to EU membership . The series will follow the economic transformation and reforms of Candidate Countries in the years ahead . Additionally , as has often been recognised , the enlargement challenge is a ...
... Candidate Countries on the road to EU membership . The series will follow the economic transformation and reforms of Candidate Countries in the years ahead . Additionally , as has often been recognised , the enlargement challenge is a ...
Page 13
... countries that had already achieved a high degree of policy credibility and had well functioning economies . Among the costs of early euroisation , he singled out the loss of seignorage and the absence of a lender of last resort ...
... countries that had already achieved a high degree of policy credibility and had well functioning economies . Among the costs of early euroisation , he singled out the loss of seignorage and the absence of a lender of last resort ...
Page 14
... country to escape the very serious economic crisis of 1996 - early 1997 . 2 . Conclusions Based on the discussions , and taking into account the community acquis as well as experience with candidate countries , Mrs Cas Granje drew a ...
... country to escape the very serious economic crisis of 1996 - early 1997 . 2 . Conclusions Based on the discussions , and taking into account the community acquis as well as experience with candidate countries , Mrs Cas Granje drew a ...
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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 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