Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 15
... currency board prevents an active monetary and exchange rate policy , the adjustment mechanisms are fiscal policy and flexibility of markets . Countries with a CBA have to show a staunch commitment to lasting fiscal discipline and a ...
... currency board prevents an active monetary and exchange rate policy , the adjustment mechanisms are fiscal policy and flexibility of markets . Countries with a CBA have to show a staunch commitment to lasting fiscal discipline and a ...
Page 91
... policy that grants complete freedom to the movement of capital . Lithuanian foreign trade turnover during the recent ... exchange rate policy developed by the Bank of Lithuania . Maintaining a stable exchange rate of the national ...
... policy that grants complete freedom to the movement of capital . Lithuanian foreign trade turnover during the recent ... exchange rate policy developed by the Bank of Lithuania . Maintaining a stable exchange rate of the national ...
Page 121
... policy . The term of office for the governor and for all members of the Board is five years . They can be dismissed only when found guilty by a court of law . Exchange Rate Policy The legal basis for exchange rate policy is set up by ...
... policy . The term of office for the governor and for all members of the Board is five years . They can be dismissed only when found guilty by a court of law . Exchange Rate Policy The legal basis for exchange rate policy is set up by ...
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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