The Role of the Currency Board in Bulgaria's Stabilization /

This paper focuses on the process leading to the choice of a currency board as a stabilization instrument, and its specific design. The use of a currency board was complicated and controversial because of serious structural problems, including a systemic banking crisis. It argues that the arrangemen...

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Bibliographic Details
Main Author: Gulde, Anne
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1999/003
Online Access:Full text available on IMF