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

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

Open Access
|May 2021

References

  1. 1. Boivin, J. and M. Giannoni. (2002) “Assessing changes in the monetary transmission mechanism: A VAR approach,” Federal Reserve Board of New York Review, 97-111, May.
  2. 2. Bulgarian National bank (2016) Bulgarian National Bank Statistics, available on-line at: www.bnb.bg. Last accessed on May 29, 2015.
  3. 3. Capital Newspaper (2003) Various issues. Sofia, Bulgaria
  4. 4. Cecchetti, S. (1999) “Legal Structure, financial structure, and the monetary policy transmission mechanism,” Federal Reserve Board of New York Review, 9-28, July.10.3386/w7151
  5. 5. Ehrmann, M., Gambacorta, L, J. Martinez-Pages, Sevestere, P., and A. Worms (2001) “Financial systems and the role of banks in monetary policy transmission in the Euro area,” Deutsche Bank Discussion Paper 18/01, Frankfurt, Germany.10.2139/ssrn.1728767
  6. 6. Kuttner, K.N. and Mosser, P.C. (2002) “The monetary transmission mechanism: some answers and further questions,” Federal Reserve Board of New York Review, 15-26, May.
  7. 7. Ludvigson, S. Steindal, C. and M. Lettau (2005) “Monetary Policy Transmission through the consumption-wealth channel,”
  8. 8. McCallum, B. (1999) “Analysis of the monetary transmission mechanism: Methodological issues,” NBER Working Paper No. 7395, October.10.3386/w7395
  9. 9. Nenovsky, N, Hristov, K. and M. Mihaylov (2001) “Comparing currency board automatic mechanism in Bulgaria, Estonia and Lithuania Journal des Economistes et des Etudes Humaines 11(4), 575-615. DOI 10.2202/1145-6396.1031.
  10. 10. Nualtaranee, J. (1999) “Transmission mechanism of monetary policy,” Unpublished PhD Thesis in Economics, Vanderbilt University, TN.
  11. 11. Ohanian, L. and A. Stockman (1995) “Theoretical issues of liquidity effects,” Federal Reserve Bank of St. Louis Review, Vol. 77(3). 3-25.
  12. 12. Volcker, P. (2002) “Monetary policy transmission: Past and Future Challenges,” Federal Reserve Board of New York Review, 7-11, May.
  13. 13. Zaimov, M. and K. Hristov (2002) “Shadowing the Euro: Bulgaria’s monetary policy five years on,” BNB Discussion Paper 27/2002, Sofia, Bulgaria.
Language: English
Page range: 57 - 86
Submitted on: Aug 23, 2019
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Accepted on: Feb 14, 2020
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Published on: May 12, 2021
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2021 Martin N. Pazardjiev, Aleksandar Z. Vasilev, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution 4.0 License.