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Some New Insights into Monetary Transmission Mechanism in Bulgaria
Minea, Alexandru; Rault, Christophe - In: Journal of Economic Integration 24 (2009), pp. 563-595
The presence of a Currency Board (CB) monetary system in Bulgaria is a key factor in assessing monetary policy …, together with the analysis of the behavior of real variables, shed a new perspective on the CB functioning of Bulgaria. …
Persistent link: https://www.econbiz.de/10009415573
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Some New Insights into Currency Boards: Evidence from Bulgaria
Minea, Alexandru; Rault, Christophe - William Davidson Institute, University of Michigan - 2008
The presence of a Currency Board (CB) monetary system in Bulgaria is a key factor in assessing monetary policy …
Persistent link: https://www.econbiz.de/10005677734
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Bulgaria; 2012 Article IV Consultation--Staff Report; Public Information; and Statement by the Executive Director for Bulgaria
International Monetary Fund (IMF); International … - 2012
Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt …
Persistent link: https://www.econbiz.de/10011245064
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Fiscal Policy Under a Currency Board Arrangement: Bulgaria's Post-crisis Policy Dilemmas
Dobrinsky, Rumen - Wiener Institut für Internationale … - 2000
challenges that policy makers in Bulgaria have been facing since 1997. It is argued that despite the macroeconomic stabilization …
Persistent link: https://www.econbiz.de/10009649594
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Money Market Liquidity under Currency Board – Empirical Investigations for Bulgaria
Chobanov, Petar; Nenovsky, Nikolay - William Davidson Institute, University of Michigan - 2004
Over the last years the efficiency and existence of an automatic adjustment mechanism of currency boards are in the centre of economic discussions. This study is intended to provide an empirical analysis of the volume and interest rate of unsecured overnight deposits at Bulgarian interbank...
Persistent link: https://www.econbiz.de/10005677421
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Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession
Nenovsky, Nikolay; Dimitrova, Kalina - William Davidson Institute, University of Michigan - 2002
The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price … an attempt to estimate Balassa - Samuelson (BS) effect in Bulgaria (after the introduction of the Currency Board). The BS …
Persistent link: https://www.econbiz.de/10005652645
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External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board
Minea, Alexandru; Rault, Christophe - CESifo - 2011
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU. …
Persistent link: https://www.econbiz.de/10008914289
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External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board
Minea, Alexandru; Rault, Christophe - Institute for the Study of Labor (IZA) - 2011
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if … better (with respect to other CEEC) monetary integration of Bulgaria with the European Monetary Union (EMU). Since Bulgarian … terms of integration of Bulgaria into the EMU. …
Persistent link: https://www.econbiz.de/10009147299
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Rubelzone löst sich auf
Thanner, Benedikt - In: Ifo Schnelldienst 46 (1993) 23, pp. 08-17
Geldpolitik geeinigt und den Willen bekundet, möglichst schnell klare Verhältnisse in Fragen der Außenwirtschaftsbeziehungen zu …
Persistent link: https://www.econbiz.de/10005055879
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On the Credibility of Currency Boards
Feuerstein, Switgard; Grimm, Oliver - Center for European, Governance and Economic … - 2004
The paper compares the credibility of currency boards and (standard) pegs. Abandoning a currency board requires a time-consuming legislative process and an abolition will thus be previously expected. Therefore, a currency board solves the time inconsistency problem of monetary policy. However,...
Persistent link: https://www.econbiz.de/10010954296