Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria
Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria

Summary/Abstract: The radical change of the monetary regime (MR) in Bulgaria in mid-1997: (i) provides opportunity for theoretical and empirical analysis of this specific case of institutional change (ii) may serve as a starting point in the search for common ground between institutional and monetary economics, which is often absent in the literature, particularly that on transition (iii) helps build a new approach to the institutional change of the MR from the perspective of economic, political and ideological interests of the main players in the monetary realm.

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