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An article from: Finance & Development:
Book by Anne-Marie Gulde. International Monetary Fund 11 pages Digital Published 1999-09-01. Description: This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 1999. The length of the article is 3153 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Bulgaria established a currency board on Jul 1, 1997, after prior attempts to address serious structural problems in its economy had failed. The establishment of this body was controversial and its policies were difficult to implement. The board combined a traditional, rule-based exchange arrangement with legal and structural measures to solve urgent banking industry and fiscal problems. Its credibility and sufficient flexibility enabled Bulgaria to effectively address a systemic banking crisis. Under its management, Bulgaria reduced annual inflation to 13% by mid-1998 and to 1% by Dec 31, 1998, while increasing foreign exchange reserves from less than $800 million to more than $3 billion. Thus, the board has become a crucial element in the continued success of the country's latest economic stabilization problem.
Citation Details
Title: The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board)
Author: Anne-Marie Gulde
Publication: Finance & Development (Magazine/Journal)
Date: September 1, 1999
Publisher: International Monetary Fund
Volume: 36 Issue: 3 Page: 36(4)
Distributed by Thomson Gale
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- The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board)- An article from- Finance & Development
An article from: Finance & Development:
The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board) - Book by Anne-Marie Gulde.
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The role of the currency board in Bulgaria's stabilization (IMF policy discussion paper)
Book by Anne Marie Gulde. International Monetary Fund, Monetary and Exchange Affairs Department 21 pages Unknown Binding Published 1999.The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board)- An article from- Finance & Development
| The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board) |
From the supplier: Bulgaria established a currency board on Jul 1, 1997, after prior attempts to address serious structural problems in its economy had failed. The establishment of this body was controversial and its policies were difficult to implement. The board combined a traditional, rule-based exchange arrangement with legal and structural measures to solve urgent banking industry and fiscal problems. Its credibility and sufficient flexibility enabled Bulgaria to effectively address a systemic banking crisis. Under its management, Bulgaria reduced annual inflation to 13% by mid-1998 and to 1% by Dec 31, 1998, while increasing foreign exchange reserves from less than $800 million to more than $3 billion. Thus, the board has become a crucial element in the continued success of the country's latest economic stabilization problem.
Citation Details
Title: The role of the currency board in Bulgaria's stabilization.(includes related article on the nature of a currency board)
Author: Anne-Marie Gulde
Publication: Finance & Development (Magazine/Journal)
Date: September 1, 1999
Publisher: International Monetary Fund
Volume: 36 Issue: 3 Page: 36(4)
Distributed by Thomson Gale
From Bulgaria
Cached copy until 2:38:01 PM
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9/6/2008 10:38 AM v0.61.106 ADBEFEED