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Some New Insights into Currency Boards: Evidence from Bulgaria
dc.contributor.authorMinea, Alexandruen_US
dc.contributor.authorRault, Christopheen_US
dc.date.accessioned2009-11-17T16:59:55Z
dc.date.available2009-11-17T16:59:55Z
dc.date.issued2008-01-01en_US
dc.identifier.otherRePEc:wdi:papers:2008-903en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/64349en_US
dc.description.abstractThe presence of a Currency Board (CB) monetary system in Bulgaria is a key factor in assessing monetary policy transmission, since a CB implies no monetary autonomy. Using the SVAR technique according to the statistical properties of macroeconomic time series, we propose evidence sustaining the endogeneity of main Bulgarian monetary aggregates to shocks on the ECB interest rate. These results shed a new perspective over CB functioning.en_US
dc.format.extent166966 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofserieswp903en_US
dc.subjectCurrency Board, Monetary Policy, SVAR, Bulgaria.en_US
dc.subject.otherE42, E52en_US
dc.titleSome New Insights into Currency Boards: Evidence from Bulgariaen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/64349/1/wp903.pdf
dc.contributor.authoremailalexandru.minea@univ-orleans.fren_US
dc.contributor.authoremailchrault@hotmail.comen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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