The First Year of the Currency Board in Bulgaria
Author | : |
Publisher | : |
Total Pages | : 44 |
Release | : 1998-01-01 |
Genre | : Banks and banking |
ISBN | : 9789549791037 |
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Author | : |
Publisher | : |
Total Pages | : 44 |
Release | : 1998-01-01 |
Genre | : Banks and banking |
ISBN | : 9789549791037 |
Author | : Jeffrey B. Miller |
Publisher | : |
Total Pages | : 28 |
Release | : 1999 |
Genre | : |
ISBN | : 9789549791280 |
Author | : Svetoslav Pintev |
Publisher | : diplom.de |
Total Pages | : 81 |
Release | : 2003-03-18 |
Genre | : Business & Economics |
ISBN | : 3832465499 |
Inhaltsangabe:Abstract: Currency board arrangements, under which domestic currency can be issued only to the extent that it is fully covered by the central bank s holdings of foreign exchange, were long generally dismissed as throwbacks to the colonial era. It was argued that such a rigid, rule-based arrangement was not well suited to diversified economies in many of which the authorities had developed sophisticated skills in monetary management. Instead, currency boards were seen as desirable in very small open economies (such as city-states for example). In 1960, 38 countries or territories were operating under a currency board. By 1970, they were 20 and, by the late 1980s, only 9. In the last decade the interest for Currency Board Arrangement (hereinafter CBA) renewed because of its simplicity, transparency, and rule-bound character. It became evident after the successful efforts made by two transition economies-Estonia and Lithuania-which quickly managed to achieve credibility for their newly established currencies. In 1997, a currency board arrangement was introduced in Bulgaria to end the economic crisis. Soon after, Bosnia and Herzegovina followed. In 1998 there have been discussions on establishing a currency board arrangement in Russia. More recently the newly appointed Finance Minister of Poland initiated a debate on pegging the Polish zloty to the euro through a CBA. This paper previews the history of the colonial and modern currency boards and presents the benefits of such a system for the newly emerged transition economies in Eastern Europe and Bulgaria especially. First, we will present a brief description of the currency board system. Currency Board Arrangements after falling into oblivion during much of the post-war period, staged a remarkable comeback mainly in Central and Eastern Europe countries. Estonia, Lithuania, Bulgaria and Bosnia and Herzegovina have introduced this particular monetary framework and as a result have managed to break inflationary inertia, to bolster the credibility of the monetary authorities and to instill macroeconomic discipline. Inhaltsverzeichnis:Table of Contents: I.Introduction 1.What is a currency board? 2.What a currency board is not? II.Origins of the Currency Board 1.Intellectual origin of the currency board system 2.Early Currency Board Systems 3.Decline of the Currency Board system. Reasons 4.Currency board system in nowadays III.Currency Board system and Countries in [...]
Author | : Dobrislav Dobrev |
Publisher | : |
Total Pages | : 52 |
Release | : 1999-01-01 |
Genre | : Currency boards |
ISBN | : 9789549791211 |
Author | : Kai Stukenbrock |
Publisher | : Peter Lang Pub Incorporated |
Total Pages | : 237 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9783631520314 |
The 1990s saw a revival of the currency board system, and proponents have advocated it as an easy-to-set-up exchange rate arrangement providing effective stabilization of the economy. However, the experience of Argentina has highlighted the risks of having a currency board. This study presents both the potential benefits, as well as the risks, of having a currency board by examining the stability of the currency board arrangement and identifying factors affecting the stability. The analysis is based on second-generation currency crisis models, extended to incorporate currency-board specific features and to account for particular aspects often found in currency-board economies.
Author | : Robert W. Kolb |
Publisher | : SAGE Publications |
Total Pages | : 8802 |
Release | : 2018-03-27 |
Genre | : Business & Economics |
ISBN | : 1483381536 |
Thoroughly revised, updated, and expanded, The SAGE Encyclopedia of Business Ethics and Society, Second Edition explores current topics, such as mass social media, cookies, and cyber-attacks, as well as traditional issues including accounting, discrimination, environmental concerns, and management. The new edition also includes an in-depth examination of current and recent ethical affairs, such as the dangerous work environments of off-shore factories for Western retailers, the negligence resulting in the 2010 BP oil spill, the gender wage gap, the minimum wage debate and increasing income disparity, and the unparalleled level of debt in the U.S. and other countries with the challenges it presents to many societies and the considerable impact on the ethics of intergenerational wealth transfers. Key Features Include: Seven volumes, available in both electronic and print formats, contain more than 1,200 signed entries by significant figures in the field Cross-references and suggestions for further readings to guide students to in-depth resources Thematic Reader's Guide groups related entries by general topics Index allows for thorough browse-and-search capabilities in the electronic edition
Author | : Iliana Zloch-Christy |
Publisher | : |
Total Pages | : 248 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : |
This book discusses the issues of economic, political and social transformation in post-1989 Bulgaria. Its main aim is to assess realities in the country in the context of changes in Eastern Europe.