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Annex I Progress with European Monetary Integration A milestone in European integration was achieved when the third and final stage of EMU began on January 1, 1999, with the introduction of the euro.1 This annex provides
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Document Date: 1999-09-08 08:36:38

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Frankfurt / /

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Unsecured Interbank / Border Interbank / Landeszentralbank / /

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Germany / France / Austria / Netherlands / Italy / Italia / Portugal / United Kingdom / Finland / Spain / Ireland / /

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EUR / /

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bank desire / crisis management / euro-area banking systems2 / Financial systems / bank / dynamic intraday liquidity management / financial infrastructure / overnight liquidity management / payment systems / bank associations / implemented tools / bank practices / bank revenues / euro financial infrastructure / securities settlement systems / largevalue systems / /

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ECB’s Executive Board / Bundesbank / International Monetary Fund / European Central Bank / European monetary union / European Bankers’ Association / Governing Council of the ECB / /

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correspondent / /

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Hessen / /

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