Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 12
... framework , notably by raising markets ' expectations of a change in the exchange rate arrangement . Mr Honohan also intervened to stress that the debate on compatibility could distract the attention of policy makers from the more ...
... framework , notably by raising markets ' expectations of a change in the exchange rate arrangement . Mr Honohan also intervened to stress that the debate on compatibility could distract the attention of policy makers from the more ...
Page 102
... framework Estonia implemented the currency board ( CB ) principle simultaneously with the introduction of national currency in June 1992 and that principle constitutes the basis for the whole Estonian monetary system as well as for the ...
... framework Estonia implemented the currency board ( CB ) principle simultaneously with the introduction of national currency in June 1992 and that principle constitutes the basis for the whole Estonian monetary system as well as for the ...
Page 121
... framework ( e.g. , the level of required reserves ) . Governor and Executive Management are responsible for preparation Board decisions as well as implementing and modifying ( within the broad framework and currency board ) operational ...
... framework ( e.g. , the level of required reserves ) . Governor and Executive Management are responsible for preparation Board decisions as well as implementing and modifying ( within the broad framework and currency board ) operational ...
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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