The Role of the Currency Board in Bulgaria's Stabilization

Abstract

Currency boards;Stabilization measures;currency board, banking, central bank, banking sector, banking crisis, foreign exchange, bank profits, banking supervision, domestic currency, bank closures, banknotes, banking system, bank financing, banking sector problems, liquidity injections, reserve account, accounting framework, debt burden, government debt, domestic debt, balanced budget, liquidity crisis, bank reserves, repayments, banking systems, reserve holdings, bankrupt, banking sector assets, currency mismatches, national bank, long-term loans, imf purchases, bank runs, interbank market, liquidity injection, foreign loans, bank lending, systemic banking crisis, bank recapitalization, bank law, domestic debt burden, banking sector distress, state bank, reserve requirement, banking institutions, bank accounts, private banks, recapitalization, bank privatization, bank deposits, debt overhang