Minea, Alexandru (contributor); … - 2008
,
2007), we use the LIBOR 3 months interest rate( )
EU
i , as the exogenous variable in our
analysis.
In our benchmark case …, we study the impact of the
EU
i on four variables. First, on the
Bulgarian interest rate ( )
BG
i , defined as the … on the ECB interest rate
The continuous arrows denote the transmission mechanism in our benchmark case
13
.
A EU …