Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 94
... Monetary Policy Programme , the Bank of Lithuania : has implemented two kinds of open market operations : security repurchase transactions with one week maturity and one or two week maturity time deposit auctions at the Bank of ...
... Monetary Policy Programme , the Bank of Lithuania : has implemented two kinds of open market operations : security repurchase transactions with one week maturity and one or two week maturity time deposit auctions at the Bank of ...
Page 103
... market , short - term interest rates in Estonia respond rapidly to changing foreign capital flows and speculative attacks against the kroon as the central ... money market -- discretionary monetary policy for smoothing interest rate - 103.
... market , short - term interest rates in Estonia respond rapidly to changing foreign capital flows and speculative attacks against the kroon as the central ... money market -- discretionary monetary policy for smoothing interest rate - 103.
Page 116
... money market interest rates ( 3month TALIBOR ) to pre - crisis low levels : 7-8 % in 1998 and to all - time - low level in 1999 : 5-6 % ; long - term rates fell in line with money market rates in early 1999. This can be attributed to ...
... money market interest rates ( 3month TALIBOR ) to pre - crisis low levels : 7-8 % in 1998 and to all - time - low level in 1999 : 5-6 % ; long - term rates fell in line with money market rates in early 1999. This can be attributed to ...
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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