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Bulgaria Financial Markets during 1991 - 1992: Institutiona Mechanisms, Role and Results of Monetary Policy

The present survey touches on the following points: Paragraph 1. examines the process of restructuring the banking system; paragraph 2. describes the new forms of operation of the monetary mechanism, through which the ground of the indirect control of money aggregates is prepared; paragraph 3. gives an account of the most important tools of the monetary policy;
paragraph 4. dwells upon an analysis of the empirical effects of the monetary policy in effect.

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