Seminar on Currency Boards in the Context of EU Accession: Brussels, 25 November 1999 : Summary of Proceedings and Papers |
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Page 96
... trade structure , the scale of trade with EU countries has increased , while the volume of trade with Russia and CIS countries has declined . Thus , last year , compared to 1997 , the share of exports to the EU countries increased from ...
... trade structure , the scale of trade with EU countries has increased , while the volume of trade with Russia and CIS countries has declined . Thus , last year , compared to 1997 , the share of exports to the EU countries increased from ...
Page 116
... trade has continued to change . Excluding transit trade , machinery now accounts for the largest share of total trade . In addition Estonia has signed several free trade agreements and in 1999 successfully concluded accession ...
... trade has continued to change . Excluding transit trade , machinery now accounts for the largest share of total trade . In addition Estonia has signed several free trade agreements and in 1999 successfully concluded accession ...
Page 132
... trade relations with the countries of the former Soviet Union , the collapse of the old central planning system , the extensive price and trade liberalisation and the abolition of many subsidies . Real GDP fell by almost 22 % and ...
... trade relations with the countries of the former Soviet Union , the collapse of the old central planning system , the extensive price and trade liberalisation and the abolition of many subsidies . Real GDP fell by almost 22 % and ...
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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