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External monetary shocks and monetary integration : evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - 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. -- Currency Board ; Bulgaria ; monetary shocks ; ECB interest rate ; FED …

Persistent link: https://www.econbiz.de/10009012188

External monetary shocks and monetary integration : evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - 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. -- currency board ; Bulgaria ; monetary shocks ; ECB interest rate ; FED …

Persistent link: https://www.econbiz.de/10009309508

External monetary shocks and monetary integration : evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - In: Economic modelling 28 (2011) 5, pp. 2271-2281

Persistent link: https://www.econbiz.de/10009273478

Interest rate pass-through under a currency board regime : evidence from Bosnia & Herzegovina

Milišić, Emina; Dželihodžić, Emina Žunić - 2024

This paper examines the pass-through of European Central Bank (ECB) monetary policy to deposit rates in Bosnia and Herzegovina (B&H). We use aggregate and bank-level data to study interest rate pass-through by bank size and ownership for the period 2012-2023. In extensions, we also study...

Persistent link: https://www.econbiz.de/10014574159

Sustainability of the currency board in Bosnia and Herzegovina in the conditions of a negative interest rate on the reserve currency

Tomaš, Rajko - In: Journal of central banking theory and practice 12 (2023) 1, pp. 149-174

The Currency Board in Bosnia and Herzegovina (BiH) uses the euro as a reserve currency in the conditions of a negative nominal interest rate on deposits with the ECB. In this paper, we investigated the impact of negative interest rates on deposits and negative yields on bonds denominated in euro...

Persistent link: https://www.econbiz.de/10014312325