Specificities of the monetary transmission mechanism within the Bulgarian currency board framework : the first five years

Martin N. Pazardjiev and Aleksandar Z. Vasilev

This paper presents an overview of the channels of monetary transmission and their manifestation in Bulgaria - a country in a currency board arrangement - in the first five years after the introduction of the regime. The presence of such a mechanism of transmission requires some form of macroeconomic discretion. The latter is approximated here with dynamics in the single fiscal account present on the balance sheet of the currency board.

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Year of publication:	[2004]
Authors:	Pazardjiev, Martin N. ; Vasilev, Aleksandar Z.
Publisher:	[Kiel : ZBW
Subject:	monetary transmission \| currency board \| Bulgaria \| Bulgarien \| Currency-Board-System \| Currency board \| Geldpolitische Transmission \| Monetary transmission \| Geldpolitik \| Monetary policy

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/140616 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011473265