Валутното таргетиране и икономическата стабилизация – изборът на България
The Currency Targeting and Economic Stabilization – the Choice of Bulgaria

Summary/Abstract: The article is dedicated to the exchange rate targeting as one of Bulgaria’s main elements of the monetary policy under the conditions of a currency board. We arrive at the conclusion that the nominal anchor when targeting the exchange rate contributes to the inflation control in the small and open towards the outer world economies. Unlike the “classic” currency board, the article considers also some of the currency board characteristics in Bulgaria. The application of preliminarily adopted rules’ policy (targeting) ensures higher effectiveness upon reaching the criteria for Bulgaria’s accession to the European currency mechanism and European currency (Euro) acceptance and replacing our national currency (BGN, leva).

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