Estonia
Estonia dismisses currency claims
The Bank of Estonia on Monday denied rumours that it was set to devalue the kroon, which is pegged to the euro.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
The effect of expansion on EU inflation rules
The Bank of Estonia has published a paper that examines the impact of the expansion of the EU on the Maastricht inflation criterion.
Estonia delays euro entry
The Bank of Estonia has said that Estonia would not meet EU criteria for eurozone accession in the years 2008-2009 and thus would not be able to adopt the common currency in 2010.
Bank of Estonia - Annual Report 2006
Estonia is highly unlikely to meet the Maastricht inflation criterion in 2007-09, notes the governor of Estonia's central bank in the annual report for 2006, but "we should maintain readiness to adopt the euro at the first opportunity," he says.
Tumpel-Gugerell on tripartite protocol
In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…
Central banks sign MoU on financial crises
An agreement entitled "Memorandum of Understanding on Management of a financial crisis in banks with cross-border subsidiaries or branches" was signed in Stockholm Monday 18 December by the central banks of Sweden, Estonia, Latvia and Lithuania.
ECB issues warning to euro hopefuls
Some of the new members of the European Union lining up to adopt the euro will likely have to wait until the end of the decade, the European Central Bank said Tuesday 5 December.
Estonia says euro adoption unlikely before 2010
The Bank of Estonia announced Wednesday 8 November that soaring inflation is likely to set back Estonia's target date for adopting the euro to 2010.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
Living standards and the wealth of nations: successes and failures in real convergence.
Edited by Leszek Balcerowicz and Stanley Fischer. MIT Press, 2006.
Eastern Europe's risky credit boom
Sky-rocketing lending is a real worry for policymakers, but with one eye on the euro, their options are limited writes Dubravko Mihaljek
Slovenian euro coin production begins
EU finance ministers on Tuesday 11 July gave Slovenia a final formal go-ahead for the country's entry to the eurozone as of January 2007.
Bank of Estonia - Annual Report 2005
According to the Bank of Estonia's Annual Report 2005, for Estonia 2005 was a year of fast economic growth, higher than expected employment, and households' growing confidence in the future.
Comment: Eastern European tightrope
Amidst renewed inflation fears in the developed world and the prospects of further interest rate hikes there, a number of central banks in Eastern Europe and the Baltics will be silently grateful for a little bit of latitude. But with question marks…
Comment: Flawed convergence criteria?
Willem Buiter and Anne Sibert, two London-based academics, have slammed the Maastricht criteria for entry into the eurozone. They point to a number of inconsistencies in way the conditions are applied and suggest that the current formulation "makes no…
Estonia sees 'unlikely' January move to euro
The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.
IMF letter to the FT
In this letter to the Financial Times on 8 February, 2006, the IMF's assistant director Ashoka Mody, and the Fund's senior resident representative for central Europe and the Baltics, Christoph Rosenberg, question FT columnist Wolfgang Munchau assertion…
Slovenians happy with Commission's findings
The Slovenia's finance minister and central bank have expressed their satisfaction with the European Commission's upbeat assessment of the country's preparations for joining the euro.
Estonia's Ansip sees faster growth from euro entry
Estonian Prime Minister Andrus Ansip said adopting the euro in 2007 will add 1 percentage point a year to economic growth, increase foreign investment and also boost tourism.
Estonian central bank chief positive on 2007 euro
According to Estonia's central bank chief Andres Lipstok, the country is on track to reduce inflation in time to join the euro on 1 January 2007, though rising oil prices require vigilance.
Bank of Estonia - Annual Report 2004
The Bank of Estonia has published its Annual Report for the year ended 2004. The main factors affecting the global economy over the year were highly volatile oil prices, which repeatedly reached historic highs, and continued extensive imbalance in major…
Parliamentary speaker nominated Estonia bank chief
The supervisory council of the Bank of Estonia on Tuesday 10 May nominated deputy parliamentary speaker Andres Lipstok as the new president of the Baltic country's central bank.
Estonians to vote on euro coin design
Estonians will have a chance to decide the appearance of the national side of their euro coins by a week-long telephone vote, due to start this weekend, the Bank of Estonia said Thursday 2 December.