Bericht

Specificities of the Monetary Transmission Mechanism within the Bulgarian Currency Board Framework: The first five years

This paper presents an overview of the channels of monetary transmission and their manifestation in Bulgaria – a country in a currency board arrangement – in the first five years after the introduction of the regime. The presence of such a mechanism of transmission requires some form of macroeconomic discretion. The latter is approximated here with dynamics in the single fiscal account present on the balance sheet of the currency board.

Language
Englisch

Classification
Wirtschaft
Subject
monetary transmission
currency board
Bulgaria

Event
Geistige Schöpfung
(who)
Pazardjiev, Martin N.
Vasilev, Aleksandar Z.
Event
Veröffentlichung
(who)
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
(where)
Kiel und Hamburg
(when)
2004-01

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Pazardjiev, Martin N.
  • Vasilev, Aleksandar Z.
  • ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

Time of origin

  • 2004-01

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