Maintaining or Not the Currency Board in Bulgaria

Maintaining the gold Board Regime- The Best Option for Bulgaria during the Current Crisis Introduction Currency poster arrangements have been beneficial for many countries, keeping pomposity low and bringing economic growth. However, no m one(a)tary transcription has shown resistant to all problems that can arise in a certain economy. In the current crisis, countries with currency boards, mainly in the EU, experience a high risk of devaluation and default. In this sense, the last of keeping or abandoning the currency board arrangement is all-important(a) for such economies. One such example of a demesne that experienced such a challenge is Bulgaria. Thus in this paper, I have chosen to examine whether the decision do during the crisis of keeping the Bulgarian currency board has been the best one possible. In order to analyze the case, I would first concentrate on on the theory of currency boards. Second, I will question why and how the Bulgarian currency board was introduced. Third, the period among the twin crisis in Bulgaria (1997) and the recent crisis will be examined. Furthermore, I will present the main challenges that the currency board experienced during the current global crisis.

In order to examine whether the opening of the currency board is the key factor in fictile the evolution of the Bulgarian economy in the last xiii years, a comparative analysis of the main economic indicators between Romania, as a free floating country, and Bulgaria will be made. I will proceed with the alternative options that Bulgaria had during the global crisis of maintaining or abandoning the Board. For the first alternative, the situation in the Baltic countries as an equivalent one will be analyzed. For the option of abandoning the currency board system, I will show how the Argentine case differs from the Bulgarian one. The option of early euroisation will be also introduced and discussed. At the end, I will conclude my paper with the results on my findings from the... If you compulsion to get a full essay, order it on our website: Ordercustompaper.com

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