3. The monetary policy of Bulgaria under the conditions of a currency board

Author: IvelinaToteva, Dimo Atanasov

DOI: 10.22620/sciworks.2015.05.003


The main objective of the study is to present the characteristics of the monetary policy in Bulgaria and to analyse the possibilities for economic development of the country under the conditions of a currency board.
The research presents the basics of the monetary policy, its philosophy and tools for impact on the economy and reveals the peculiarities of the currency board, the reasons for its introduction, the positive and negative effects on the state and the possibilities for growth and development of the economic branches and the overall economy.