2 ) Based on gross value added at current prices .

The increase in stock prices continued in the third quarter of 2009 on the basis of overall positive economic news and decreasing risk aversion , but lost some of its pace in the final quarter .

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .

Inflation shall be measured by means of the consumer price index on a comparable basis taking into account differences in national definitions .

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions . 8

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .

This initiative was finalised in June 2007 and integrated into the risk based oversight framework applied to SWIFT . SECURITIES CLEARING AND SETTLEMENT SYSTEMS

Inflation shall be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions . rdquo

They provide the basis for a risk based oversight methodology which is applied to SWIFT business activities of relevance for financial stability .

Stock prices are measured by the Dow Jones EURO STOXX price index .

shall be responsible under this procedure for the deficits of general government as defined in the first indent of Anicle 2 . T h e Member States shall ensure that national procedures in the budgctvy area enable them to meet their obligations in this area deriving from this Treaty .

( e ) it captures name related basis risk .

and iv ) the risk based evaluation of SWIFT 's cyberdefence focusing on organisational and operational security practices .

Safe custody account a securities account managed by the central bank on which credit institutions can place securities deemed suitable to back central bank operations .

The valuation is based on market prices by using ( i ) for transactions , the prevailing market prices at the time when the transaction takes place

The value of all such securities shall be calculated on the basis of prices designated by the ECB .

Public finances Consumer prices Protocol No. 21 on the convergence criteria referred to in Article 121 of the Treaty requires price convergence to be measured by means of the national consumer price indices on a comparable basis , taking into account differences in national definitions .

As mentioned above , Italian monetary policy has been geared towards the primary objective of price stability , most recently again within the ERM .

Solvency risk the risk of loss owing to the failure ( bankruptcy ) of an issuer of a financial asset or to the insolvency of the counterparty .

Gross value added at basic prices 2 .

Consumer prices Protocol No. 6 on the convergence criteria referred to in Article 109j ( 1 ) of the Treaty establishing the European Community requires price convergence to be measured by means of the consumer price index on a comparable basis , taking into account differences in national definitions .

This peak coincided with the trough in equity and other risky asset prices , and reflected sharp increases in both liquidity and credit risk premia .

2 ) Nominal money gap minus the deviation of consumer prices from a level compatible with the definition of price stability , taking December 1998 as the base period . and the real money gaps gradually increased , and by late 2002 they reached their highest level since the start of Stage Three of Economic and Monetary Union ( EMU ) .

Chart C Sovereign credit default swaps ( in basis points

Looking back , consumer price inflation in Austria , as measured on the basis of the CPI , has followed a downward trend after 1992 ( see Chart 1 ) .

High stock prices allowed them to raise more loans, based on the value of their stock, and thereby buy even more companies.

With regard to the outlook for price developments and risks to price stability , various other indicators confirmed the assessment made on the basis of developments in monetary data .

On the basis of current futures prices for energy and food , pressures from global commodity prices are expected to weaken in the course of 2008 .

Price developments mainly reflected base effects related to petroleum products and the substantial slack persisting in the economy .

The five expectations provide a framework within which the overseers organise their activities and on the basis of which risk based oversight planning is prepared .

Looking back , consumer price inflation in the United Kingdom , as measured on the basis of the retail price index excluding mortgage interest payments ( RPIX ) , followed a broad downward trend during the early 1990s ( see Chart 1 ) .

The five oversight expectations were finalised in June 2007 and integrated into the oversight group 's risk based oversight methodology .

Thus, it would run no risk of inflating asset price bubbles.

5 ) Based on the ESA 95 .

Output at basic prices by industry 2 .

The LTV calculation must be based on a conservative market valuation .

The variable on import prices ( N 340 ) is calculated on the basis of CPA products .

Substantial or prolonged deviations of M3 growth from the reference value would , under normal circumstances , signal risks to price stability over the medium term .

Inflation has been measured on the basis of the HICP , which was developed for the purpose of assessing convergence in terms of price stability on a comparable basis ( see the statistical annex to Chapter 1 ) .

In line with the oil price assumptions , as derived from current oil futures prices , the positive contribution from energy and non oil commodity prices to consumer price developments is expected to decline considerably in comparison with recent years .

Countries not participating in the euro area must submit annual convergence programmes , in accordance with the Stability and Growth Pact .

All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders .

The valuation is based on market prices by using ( i ) for transactions , the prevailing market prices at the time when the transaction takes place and ( ii ) for holdings , the closing mid market prices at the end of the appropriate period .