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Influence of Central Bank on the Economic Development

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  • Valentina Grozdeva

Abstract

The study makes analysis of the influence of the Central bank on the economic development in connection with the bank system. With that end in view active money, interest rate, exchange rate, inflation and unemployment have been considered in the conditions of central banking and Currency Board. Economic essence of E-money have been also discussed. On the base of analysis of money politics of Bulgarian National Bank before and after introducing of the Currency Board have been produced some suggestions for changes in mechanism of its influence of the economic development in that country.

Suggested Citation

  • Valentina Grozdeva, 2001. "Influence of Central Bank on the Economic Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 141-170.
    • Handle: RePEc:bas:econst:y:2001:i:3:p:141-170
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    References listed on IDEAS

    as
    1. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
    2. Cukierman, Alex & Webb, Steven B & Neyapti, Bilin, 1992. "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes," The World Bank Economic Review, World Bank, vol. 6(3), pages 353-398, September.
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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