Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 112
... policy during the decline or slow - down period in the world economy . During the first half of 1999 the public consumption was the only growing component of domestic ... policy . The tight fiscal policy continued in the first half of 112 .
... policy during the decline or slow - down period in the world economy . During the first half of 1999 the public consumption was the only growing component of domestic ... policy . The tight fiscal policy continued in the first half of 112 .
Page 113
... fiscal policy helped to maintain foreign investor confidence , avoided the overheating of economy , as well as the balance of payment crisis and reduced volatility of capital flows . Fiscal policy during recession Economic decline has ...
... fiscal policy helped to maintain foreign investor confidence , avoided the overheating of economy , as well as the balance of payment crisis and reduced volatility of capital flows . Fiscal policy during recession Economic decline has ...
Page 119
... fiscal policy and monetary policy . Economic and fiscal policy as well as policy co- ordination is operating under the State Budget Act , the Act on the Town and County Budgets ( budgets of local municipalities ) , and the Act on ...
... fiscal policy and monetary policy . Economic and fiscal policy as well as policy co- ordination is operating under the State Budget Act , the Act on the Town and County Budgets ( budgets of local municipalities ) , and the Act on ...
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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