Bank of Finland. Bulletin

Abstract

Monetary policy and the outlook for the economy 3

Financial stability in Finland 9

The euro in the global currency markets and in Europe 15 by Matti Vanhala

Changes in the reference rate system with the changeover to monetary union 19 by Jarmo Kontulainen and Maritta Nieminen

Items: Revision of the Bank of Finland Bulletin Direct investment in Finland's balance of payments, 1997 Supplementary budget 23

Measures concerning monetary and foreign exchange policy and the financial markets 25

Monetary policy instruments 26

Finland in brief 30

Statistics List of tables on page S1

Charts List of charts on page S29