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Monetary Transmission Mechanism in Estonia - Some Theoretical Considerations and Stylized Aspects

Lättemäe, Raoul - EconWPA - 2002

The monetary system in Estonia is based on the currency board arrangement with German Mark. The strong commitments and rule-based features of currency board imply that there is no active monetary policy in Estonia – all necessarily monetary djustments are left to the market forces. Under fixed...

Persistent link: https://www.econbiz.de/10005076744

The History and Sustainability of the CBA in Estonia

Sepp, Urmas; Lättemäe, Raoul; Randveer, Martti - EconWPA - 2002

Estonia has had a currency board arrangement (CBA) for more than 10 years. Due to the successful performance of the Estonian economy under a CBA the current position of the Bank of Estonia is to maintain its exchange rate regime until full participation in the EMU, inter alia, during Estonia’s...

Persistent link: https://www.econbiz.de/10005561193

Currency Boards and Productivity Growth

Canavese, Alfredo - EconWPA - 2004

The paper studies the ways an economy working under a currency board could adjust when capital inflows stop suddenly. Six alternative solutions to restore the economic equilibrium are available when the sudden stop comes: a recession could push the prices of non-tradable goods down, a...

Persistent link: https://www.econbiz.de/10005561288

Privatizing Profits of Bulgaria's State Enterprises, TRANSITION newsletter about transition economies, The World Bank, Vol. 6, No.3, March 1995.

Bogetic, Zeljko; Hillman, Arye - EconWPA - 2005

enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition. …

Persistent link: https://www.econbiz.de/10005076580

Statistical estimates of the deviations from the macroeconomic potential. An application to the economy of Bulgaria

Ganev, Kaloyan - EconWPA - 2004

The paper reviews the basic statistical methods for estimation of the deviations from the production potential of the economy. The emphasis is put on the a-theoretical approaches. To illustrate the application of the models data for the Bulgarian economy have been used, and on the basis of the...

Persistent link: https://www.econbiz.de/10005076707

Evolution and Present Status of Bulgarian Card Market

Bojinov, Bojidar - EconWPA - 2003

Bulgaria is a small South-eastern European country with a population of 8 million inhabitants in economic transition … Bulgarian card market. The first trials to introduce cards in Bulgaria and to establish national card networks were made by …

Persistent link: https://www.econbiz.de/10005076949

The Bulgarian Banks' competitiveness: the case of Remote banking

Bojinov, Bojidar - EconWPA - 2003

The new information technologies adoption and e-commerce emergence change the role of financial intermediaries in new E-conomy. During the last years, the banks have started an expansion to the web – they offer broad range of traditional bank products and services via Internet. The remote...

Persistent link: https://www.econbiz.de/10005076976

What Bulgarian Banks offer via Internet: an Overview

Bojinov, Bojidar - EconWPA - 2003

The new information technologies adoption and e-commerce emergence change the role of financial intermediaries in new E-conomy. During the last years, the bank started an expansion to the web – they offer broad range of traditional bank products and services via Internet. The remote banking...

Persistent link: https://www.econbiz.de/10005077027

Trends in East European Factor Productivity

Kyn, Oldrich; Kyn, Ludmila - EconWPA - 2005

the rate of technical change for Poland, Czechoslovakia, Hungary, Bulgaria and Rumania. Although the pooling eliminated … Czechoslovakia, Bulgaria and Rumania and somewhat lower, but still respectable (3 - 5 per cent) in the case of Poland and Hungary. It … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …

Persistent link: https://www.econbiz.de/10005125000

The Tax Base in Transition: The Case of Bulgaria, World Bank Policy Research Working Paper Series No. 1267 (March 1994), The World Bank.

Bogetic, Zeljko; Hillman, Arye - EconWPA - 2005

Meeting government revenue needs without inhibiting private sector development is a key challenge of tax policy during the transition from the socialist system. The paper explores issues in the design of tax bases and tax structures in the transition and argues that transition economies would...

Persistent link: https://www.econbiz.de/10005125910