Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria Cover Image

Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria
Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria

Author(s): Nikolay Nenovsky, Yorgos Rizopoulos
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: institutional change; monetary regime; currency board; transition economy; Bulgaria

Summary/Abstract: The radical change of the monetary regime (MR) in Bulgaria in mid-1997: (i) provides opportunity for theoretical and empirical analysis of this specific case of institutional change (ii) may serve as a starting point in the search for common ground between institutional and monetary economics, which is often absent in the literature, particularly that on transition (iii) helps build a new approach to the institutional change of the MR from the perspective of economic, political and ideological interests of the main players in the monetary realm.

  • Issue Year: 2002
  • Issue No: 01
  • Page Range: 64 - 97
  • Page Count: 34
  • Language: English