Hyppää sisältöön
    • Suomeksi
    • På svenska
    • In English
  • Suomeksi
  • På svenska
  • In English
  • Kirjaudu
JavaScript is disabled for your browser. Some features of this site may not work without it.
Näytä viite 
  •   Kaisu etusivu
  • Suomen Pankki
  • Bank of Finland Bulletin
  • Näytä viite
  •  
  • Suomen Pankki
  • Bank of Finland Bulletin
  • Näytä viite

From regulated financial markets to Economic and Monetary Union

Korhonen, Tapio (15.11.2010)

Avaa tiedosto
167754.pdf (3.491Mt)
Lataukset: 

Korhonen, Tapio

Julkaisusarja

Bank of Finland. Bulletin

Numero

2

Julkaisija

Bank of Finland

2010

Tekijänoikeudet
Näytä kaikki kuvailutiedot

Julkaisun pysyvä osoite on

https://urn.fi/URN:NBN:fi:bof-201408073743
Tiivistelmä
The Bank of Finland s monetary policy operating environment changed fundamentally in the final decades of the 20th century. In the post-war period, many areas of the economy were strongly regulated, both in Finland and across Europe in general. Control was particularly tight in the financial and exchange markets. In some countries, however, market liberalisation had already made considerable progress by the 1970s. The liberalisation of western European markets was completed in the 1980s. Both the rationale and the ability to regulate nationally were slowly crumbling. Confidence in the ability to regulate and in the benefits of regulation was fading, and, at the same time, doubts over the stability of free markets were receding. This change was due particularly to the globalisation of the economy and preparations for European Economic and Monetary Union (EMU). In the final decade of the 20th century, the political economy of Europe underwent deep changes. In the early 1990s, the state-run economies of Eastern Europe collapsed and the communist countries moved to a market economy, partly through a transition bordering on chaos. Meanwhile Western Europe was becoming integrated, and in 1999 eleven countries established EMU. These changes had a particularly strong impact on the Finnish economy and financial markets. The early 1990s were characterised by an unexpected and exceptionally deep recession by European standards. This was, however, followed by a fairly strong recovery towards the end of the decade, and Finland could prepare for EMU membership in an environment of economic stability.

Selaa kokoelmaa

NimekkeetTekijätJulkaisuvuodetJulkaisijatJEL-luokituksetSivukartta

Aineiston tallentajille

Kirjaudu sisäänRekisteröidy
Tietosuojaseloste
Saavutettavuusseloste
Suomen Pankin kirjasto
PL 160
00101 Helsinki
Puh. 09 183 2661
Sijainti: Rauhankatu 19, Helsinki

Palvelun tuottaja
Kansalliskirjasto