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 …

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 participation in ERM 2. Therefore, it is necessary to analyse the reasons for …

Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt …

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. …

challenges that policy makers in Bulgaria have been facing since 1997. It is argued that despite the macroeconomic stabilization …

The presence of a Currency Board (CB) monetary system in Bulgaria is a key factor in assessing monetary policy …

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 …

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. …