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.

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Year of publication:	2004-01
Authors:	Pazardjiev, Martin N. ; Vasilev, Aleksandar Z.
Publisher:	Kiel und Hamburg : ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Subject:	monetary transmission \| currency board \| Bulgaria

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Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	English
Other identifiers:	859586456 [GVK] hdl:10419/140616 [Handle] RePEc:zbw:esrepo:140616 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011460763