Medium of exchange (YTL, GBP, Dollar, Euro and CyP) Store of value ... Single currency but many different real exchange rates (RER) within Euro zone ...
Financial Services Authority is highly professional, and its budget was recently doubled ... Current market premium (e.g., CDS spreads) is high relative to risk ...
SUPPORTING THE ECONOMIC POLICY OF THE GOVERNMENT, WITHOUT ... Issuing and revoking licenses for banks and bank supervision ... Kuna is fully convertible ...
... Membership, in: Winkler, A. (ed.): Banking and Monetary Policy in Eastern Europe, ... Driver, Rebecca and Peter Westaway (2001) Concepts of Equilibrium Real ...
Course on Financial Instability at the Estonian Central Bank, 9-11 December ... May require general macroeconomic policy easing (e.g. interest rate cuts) as a ...
Rise in budget deficits due to increased government spending and collapsing revenues ... CDS Spreads in NMS Going Up. Higher CDS spreads make debt refinancing ...
Published three times annually by UNDP, London School of Economics ... Conclusion: 'Black swans' can be deadly 'Baltic model': Some similarities with Armenia ...