Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/140616
Authors: 
Pazardjiev, Martin N.
Vasilev, Aleksandar Z.
Year of Publication: 
Jan-2004
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.
Subjects: 
monetary transmission
currency board
Bulgaria
Document Type: 
Research Report

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