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Eх. 19. a) Read the text that follows and find the parts explaining:
the aim of reforms of the banking systems in the countries mentioned in the article;
Reforms in the monetary, exchange, and banking areas in the Baltic and the CIS countries have sought to achieve a market-based determination of interest rates and exchange rates, to control banking system liquidity through indirect instruments, and generally to foster the use of markets for central banking operations. Implementation of market-based arrangements for monetary control has required careful coordination of reforms to foster money and foreign exchange markets and to strengthen key functions of central banking, including critical actions in the payment system, accounting, and bank supervision. Reforms have been designed to bring about macroeconomic stabilization as well.
the causes of bank insolvencies.
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Eх. 19. a) Read the text that follows and find the parts explaining:
the aim of reforms of the banking systems in the countries mentioned in the article;
Reforms in the monetary, exchange, and banking areas in the Baltic and the CIS countries have sought to achieve a market-based determination of interest rates and exchange rates, to control banking system liquidity through indirect instruments, and generally to foster the use of markets for central banking operations. Implementation of market-based arrangements for monetary control has required careful coordination of reforms to foster money and foreign exchange markets and to strengthen key functions of central banking, including critical actions in the payment system, accounting, and bank supervision. Reforms have been designed to bring about macroeconomic stabilization as well.
the causes of bank insolvencies.
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