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

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. - ISSN 2336-9205. - Vol. 10.2021, 2, p. 57-86
Publisher:	Warsaw : Sciendo
Subject:	monetary transmission \| currency board \| Bulgaria

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.2478/jcbtp-2021-0014 [DOI] 1761464477 [GVK] hdl:10419/299012 [Handle]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	EconStor

Persistent link: https://www.econbiz.de/10014558510