1 / 23

CURRENCY BOARD: TEN YEARS ON

GEORGE ANGELOV KALIN HRISTOV. CURRENCY BOARD: TEN YEARS ON. MACROECONOMIC AND FINANCIAL FRAMEWORK. Euro-based currency board since mid 1997 Prudent and predictable fiscal policy oriented towards balanced budget or surplus

helene
Télécharger la présentation

CURRENCY BOARD: TEN YEARS ON

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GEORGE ANGELOV KALIN HRISTOV CURRENCY BOARD: TEN YEARS ON

  2. MACROECONOMIC AND FINANCIAL FRAMEWORK • Euro-based currency board since mid 1997 • Prudent and predictable fiscal policy oriented towards balanced budget or surplus • Withdrawal of the state from the business through large scale privatization of the state owned enterprises • Liberalization of the markets – free movement of goods, services and capital • Government policy oriented towards improvement of investment climate

  3. CURRENCY BOARD SIX YEARS ON (2003)‏

  4. CURRENCY BOARD TEN YEARS ON

  5. INFLATION DYMANICS

  6. Period Mean Standard deviation May 1991 – December 1997 307.6 469.5 January 1998 – August 2007 July 1998 – August 2007 9.4 5.8 31.6 3.1 BULGARIA INFLATION DYNAMICS, 1991-2007

  7. GROWTH PERFORMANCE

  8. GDP per capita, 1990=100

  9. BUDGET DEFICIT (Per cent of GDP)‏

  10. Investments (GFCF)‏

  11. CURRENT ACCOUNT DEVELOPMENT

  12. FOREIGN DIRECT INVESTMENT

  13. EXCHANGE RATE CHANGE 1991-1997 (USD per BGN)‏

  14. EXCHANGE RATE CHANGE 1997 -2006 (USD per BGN)‏

  15. EMPLOYMENT (thousands)‏

  16. EMPLOYMENT (% of population)‏

  17. UNEMPLOYMENT

  18. INFLATION AND GROWTH COMPARED TO OTHER NMS, 1991-1997

  19. INFLATION AND GROWTH COMPARED TO OTHER NMS, 1998 - 2006

  20. CURRENT ACCOUNT AND FDI COMPARED TO OTHER NMS, 1991-1997

  21. CURRENT ACCOUNT AND FDI COMPARED TO OTHER NMS, 1998-2006

  22. CURRENT ACCOUNT AND INVESTMENT COMPARED TO OTHER NMS, 1991-1997

  23. CURRENT ACCOUNT AND INVESTMENT COMPARED TO OTHER NMS,1998-2006

More Related