1 “... system based on de facto exchange rate policies. The de facto exchange rate classification system has...”

2 “... reviews the experience of a decade and a half in a de facto monetary union for the Netherlands...”

3 “... levels to the low single digits by the de facto exchange rate peg, which was sustained in spite...”

4 “... limitations, the authorities have implemented in recent years policies akin to those of a de facto currency...”

5 “... framework and the central bank's de facto lack of supervisory independence...”

6 “...; and (iii) its de facto preferred creditor status, which allows it to provide crisis financing when private...”