In the paper, I deal with the issues of how the Bulgarian academic community interpreted the monetary crisis (especially pound devaluation) and in what theoretical models Bulgarian economists thought and practical solutions they offered during the Great Depression. The decisive phase of the Gre...

In recent years a number of countries have introduced currency boards (CB). The new generation currency boards, which is gaining swing and popularity, preserves to different degrees the central bank's ability to perform the lender of last resort function (LOLR) and leaves room for intervention...

It is often maintained that currency boards (CBs) and gold standards (GSs) are alike in that they are stringent monetary rules, the two basic features of which are high credibility of monetary authorities and the existence of automatic adjustment (non discretionary) mechanism. This article...