Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10003612905
Persistent link: https://www.econbiz.de/10002121617
Persistent link: https://www.econbiz.de/10002908346
Persistent link: https://www.econbiz.de/10002540434
Persistent link: https://www.econbiz.de/10002589715
Persistent link: https://www.econbiz.de/10001167898
Persistent link: https://www.econbiz.de/10000899568
After disinflation has been achieved, agents who form more sophisticated forecasts have lower confidence in the sustainability of a peg compared to less sophisticated agents. Furthermore, sustained financial stability leads to a declining proportion of sophisticated agents. Thus, the credibility...
Persistent link: https://www.econbiz.de/10014059017
We use unique survey data from Bulgaria's currency board to examine the reasons for persistent incomplete credibility of a financial stabilization regime. Although it produced remarkably positive effects in terms of sustained low inflation since 1997, the currency board has not achieved full...
Persistent link: https://www.econbiz.de/10014070959