If Estonia adopts the euro, Eesti Pank will become a fully-fledged member of the European System of Central Banks (ESCB).
This will entail significant changes in those functions of Eesti Pank that fall under the competence of the European Central Bank (ECB) and the ESCB in accordance with the founding treaties of the European union. a number of the Central Bank’s key responsibilities, such as maintaining financial stability, will still be outside the competence of the ESCB, although they will involve close trans-European cooperation.
Continue reading here:
http://www.eestipank.info/pub/...
The future role of Eesti Pank as a member of the euro area
Eestlased Eestis | 28 Jul 2010 | EWR
Eestlased Eestis
TRENDING
