Petranov, Stefan (1996): The money market and monetary policy during economic transition. Published in: Bulgarian National Bank Monthly Bulletin No. 6 (1996): pp. 28-32.
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Abstract
The paper considers the extent to which the conditions for efficient monetary policy are present during the transition period from centrally planned to a market economy. The author concludes that the peculiarities of transition are cause for much uncertainty in the money market, and hence, result in low monetary policy efficiency. Therefore there is a need for improvement in the identification and projection of money market conditions, and the establishment, to the extent possible, of a stable regulatory framework. The paper proves the need for monetary policy comprehensiveness in terms of the interrelation between money supply control and foreign exchange policy.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | The money market and monetary policy during economic transition |
| English Title: | The money market and monetary policy during economic transition |
| Language: | English |
| Keywords: | Bulgaria, economic transition, monetary policy, foreign exchange policy |
| Subjects: | E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies P - Economic Systems > P2 - Socialist Systems and Transitional Economies |
| Item ID: | 105425 |
| Depositing User: | Prof. Stefan Petranov |
| Date Deposited: | 08 Feb 2021 11:09 |
| Last Modified: | 08 Feb 2021 11:09 |
| References: | Balyozov, Z., BNB Monetary Policy in 1996, BNB Monthly Bulletin, issue 2/1996. Bulgarian National Bank, Major Trends in Monetary Policy, in BNB Annual reports 1991 - 1995. Filipov, L., Monetary Policy Instruments of the Bulgarian National Bank, Bank Review, issue 1/1994. Poole, W., Optimal Choice of Monetary Policy Instruments in a Symbol Stochastic Macro model, Quarterly Journal of Economics, 84/1970. State Gazette, Law on the Bulgarian National Bank, issue 50 of 1991, amend. issue 32 of 1996. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/105425 |
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