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Bulgaria needs to give its monetary reform instant credibility, to avoid the dangers of continuing inflation on the one … confidence in the Lev, Bulgaria should replace its central bank with a currency board. A currency is explicitly designed to …
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The presence of a Currency Board (CB) monetary system in Bulgaria is a key factor in assessing monetary policy …
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those with other regimes. The experiences of three candidates for EU membership with CBAs (Estonia, Lithuania, and Bulgaria …
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This paper presents an overview of the channels of monetary transmission and their manifestation in Bulgaria - a …
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This paper presents an overview of the channels of monetary transmission and their manifestation in Bulgaria - a …
Persistent link: https://www.econbiz.de/10012549199
One of the main disadvantages of currency boards is the rule-based character of this system and the resulting inflexibility in case of shocks, a frequently recurring event in transition countries. Accordingly, central banks under currency board arrangements (CBA) are unable to respond to...
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