The Bulgarian Currency Board

Jeffrey Miller ()

Comparative Economic Studies, 2001, vol. 43, issue 1, 53-74

Abstract: Following a severe financial crisis in 1996 and early 1997 Bulgaria established a currency board. In many respects the currency board has been a great success. From hyperinflationary levels in February 1997, inflation fell to single-digit levels in 1998 and 1999. The economy has also begun to grow. While enormously successful so far, the currency board has only been in place for a short time. This paper outlines prospective problems that must be faced and explores whether the currency board is sustainable in the longer-run. Comparative Economic Studies (2001) 43, 53–74; doi:10.1057/ces.2001.3

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v43/n1/pdf/ces20013a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v43/n1/full/ces20013a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:43:y:2001:i:1:p:53-74

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().