Monetary Studies

Transmission mechanisms of monetary policy in Central and Eastern Europe. Dynamic VAR analysis

Period: January 2001 - June 2002
In order to achieve the goal of smooth transition to the European monetary area, Central and East European central banks have to acquire a very deep understanding of the transmission...

Presence and degree of change in the behavior of Bulgarian economic agents with respect to their demand for money

Period: October 2000 - June 2002
The goal of the project was to complete academic research in the field of economics, which studies the behavior of Bulgarian economic agents with respect to their demand for money....

Implications of Currency Boards in Transition Economies

Period: May 1999 - February 2001
The format of the project was academic research in the field of monetary theory and policy in a cooperative effort of researchers from Estonia, Bulgaria, and Western Europe. The goal...

Credibility of the Exchange Rate Policy in Transition Countries

Period: October 1999 - January 2001
Exchange rate policy is one of the most important aspects of economic policy during transition, and its credibility is often crucial for the success or failure of different policy actions....