monetary policy

The factors that lead to the current crisis in Turkey are at a fundamental level two. The huge balance of payments deficit and high levels of price inflation, especially since 2012. In turn, these two factors are a direct result of the fiscal and monetary policies that Turkey has chosen to follow over the last …

Author: Philip Bagus* *Philip Bagus is an associate professor at Rey Juan Carlos University. He is an associate scholar at the Mises Institute. He is the author of numerous books, including In Defense of Deflation, Blind Robbery!, The Tragedy of the Euro, and co-author of Deep Freeze: Iceland's Economic Collapse. While the euro crisis seems to be stuck in …

According to mainstream economics, the central bank is the key factor in determining the level of interest rates. By setting short-term interest rates and based on expectations about the future course of its interest rate policy, it influences the entire structure of interest rates. It follows that economic players have almost no …

| Full text of the analysis | In recent months, Bulgaria's potential entry into the Eurozone has once again become one of the most discussed topics in the public sphere. What is remarkable, however, is that this case has become not so much a topic of debate as a topic of...sermon. A sermon by politicians from …

We are in the process of yet another assault, organized by the native authorities, towards one of the half-wanted, half-unwanted so-called national goals. As with the Schengen zone, so with the common currency of the European Union, the government is wandering between a reasonable wait for the problems to be eventually resolved, aka Simeon Dyankov with the Euro, and enthusiastic demarches to …

As one of the few right-wing economists who are skeptical about Bulgaria’s entry into the Eurozone, our editor-in-chief Georgi Vuldzhev and founder Stoyan Panchev recently took part in a number of television shows and debates on the topic. On NOVA TV, Stoyan Panchev confronted the former deputy minister …

The more there is talk about the potential adoption of the euro in Bulgaria, the more often the argument is made that our country will be able to attract more investment in this way. This is the main line along which it is claimed that entering the Eurozone will enrich Bulgarian citizens – more investment means more jobs …

Author: Steve Hanke, Forbes.com After Bulgaria escaped communism in 1990, Bulgarians experienced several hardships. The economy collapsed, there were bankruptcies, and this Balkan paradise experienced hyperinflation, reaching a staggering 242% in February 1997. Yes, on a monthly basis. Anticipating many of the problems that follow currency devaluation, I became …

Defending the position "against" Bulgaria's possible entry into the Eurozone, our editor-in-chief Georgi Vuldzhev entered into a debate with former Deputy Prime Minister and Minister of Economy Nikolay Vassilev on bTV. According to Vuldzhev, the negatives of entering the Eurozone far outweigh the potential positives: If Bulgaria enters the Eurozone, which means eliminating …

On December 14, the chair of the Federal Reserve, the central bank of the United States, officially announced the increase in the institution's key interest rate by 25 basis points, from 0.25% to 0.50%. This is the first interest rate increase by the Fed since December 2015, although Yellen initially said that we would see three to four increases ...