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Credibility of a new monetary regime: The currency board in Bulgaria

โœ Scribed by John A Carlson; Neven T Valev


Book ID
114220561
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
123 KB
Volume
47
Category
Article
ISSN
0304-3932

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โœ Philip Arestis; Kostas Mouratidis ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 104 KB

The aim of this study is to estimate the credibility of monetary policy in four accession countries (the Czech Republic, Hungary, Poland and the Slovak Republic), based on the Markov regime-switching (MRS) framework. We utilize the theoretical proposition that in the conduct of monetary policy, ther