Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 106
... liquidity management is not restricted to domestic markets only . That is to say , that openness is a precondition for CB to be effective and hence CB favours integration with international financial markets and European markets in ...
... liquidity management is not restricted to domestic markets only . That is to say , that openness is a precondition for CB to be effective and hence CB favours integration with international financial markets and European markets in ...
Page 107
... liquidity and settlement buffers and stabilising overnight interest rates . As the requirement ( except the daily minimum ) has to be fulfilled on monthly average basis it can be considered as an automatic source of kroon liquidity for ...
... liquidity and settlement buffers and stabilising overnight interest rates . As the requirement ( except the daily minimum ) has to be fulfilled on monthly average basis it can be considered as an automatic source of kroon liquidity for ...
Page 110
... liquidity ( from the central bank ) available to the banking system , forcing banks to manage the available liquidity more effectively and to build up their own liquidity buffers . Monetary and financial policies were aimed at ...
... liquidity ( from the central bank ) available to the banking system , forcing banks to manage the available liquidity more effectively and to build up their own liquidity buffers . Monetary and financial policies were aimed at ...
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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