Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 24
... growth.5 The decline in inflation was indeed remarkable , despite at times relatively high growth of money supply in some of these countries . The latter reflected the strong growth of demand for financial assets , in part bolstered by ...
... growth.5 The decline in inflation was indeed remarkable , despite at times relatively high growth of money supply in some of these countries . The latter reflected the strong growth of demand for financial assets , in part bolstered by ...
Page 111
... growth and integration of non - banking financial intermediation raised the question of pooling the resources and knowledge of the existing supervisory institutions . In the light of further consolidation in the neighbouring markets and ...
... growth and integration of non - banking financial intermediation raised the question of pooling the resources and knowledge of the existing supervisory institutions . In the light of further consolidation in the neighbouring markets and ...
Page 112
... growth in Western Europe . The slowdown of growth in the EU hindered the restoration of quick general export growth to compensate for the gap resulting from the loss of the Russian export market for food products . At the same time the ...
... growth in Western Europe . The slowdown of growth in the EU hindered the restoration of quick general export growth to compensate for the gap resulting from the loss of the Russian export market for food products . At the same time the ...
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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