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

Martin N. Pazardjiev, 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.

MoreLess

Year of publication:	2021
Authors:	Pazardjiev, Martin N. ; Vasilev, Aleksandar Z.
Published in:	Journal of central banking theory and practice. - Warsaw : De Gruyter Open, ISSN 2336-9205, ZDB-ID 2675850-7. - Vol. 10.2021, 2, p. 57-86
Subject:	monetary transmission \| currency board \| Bulgaria \| Bulgarien \| Currency-Board-System \| Currency board \| Geldpolitische Transmission \| Monetary transmission \| Geldpolitik \| Monetary policy \| Theorie \| Theory

freely available

Full text |

More access options

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.2478/jcbtp-2021-0014 [DOI]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012549199