文章基本信息

标题：Does automation or discretion drive money supply in Bulgaria?
本地全文：下载
作者：Ivan Todorov ; Stoyan Tanchev ; Peter Yurokov 等
期刊名称：Dos Algarves : a Multidisciplinary e-journal
电子版ISSN：2182-5580
出版年度：2019
卷号：35
页码：40-56
DOI：10.18089/DAMeJ.2019.35.3
出版社：Universidade do Algarve
摘要：The options for monetary discretion under the Bulgarian currency board arrangement (CBA) were analysed. A vector autoregression (VAR) was employed to identify the determinants of money supply in Bulgaria for the period 1998-2018. The results of the study imply that the movements of money supply in Bulgaria do not automatically follow the dynamics of the balance of payments but are affected in a discretionary way by the changes in the government deposit in the Issue Department of the Bulgarian National Bank (BNB). It may be inferred that money supply in Bulgaria under a CBA is more discretion-driven than automatically determined.
关键词：Bulgaria; currency board arrangement; money supply; automation; discretion.
其他关键词：Bulgária; conselho monetário; oferta monetária; automação; discrição.