1. bookVolume 10 (2021): Issue 2 (May 2021)
Journal Details
License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
access type Open Access

Specificities of the Monetary Transmission Mechanism within the Bulgarian Currency Board Framework: The first five years

Published Online: 12 May 2021
Volume & Issue: Volume 10 (2021) - Issue 2 (May 2021)
Page range: 57 - 86
Received: 23 Aug 2019
Accepted: 14 Feb 2020
Journal Details
License
Format
Journal
eISSN
2336-9205
First Published
11 Mar 2014
Publication timeframe
3 times per year
Languages
English
Abstract

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.

Keywords

JEL Classification

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