Para KUrulu Yaklaşımı ve Bulgaristan Deneyimi

Para kurulu düzenlemesi, döviz kuru çapasına en güçlü şekilde bağlı olan katı bir sabit döviz kuru modelidir. İlk defa 1849 yılında uygulanan bu sistem, bir ara gözden düşse de 1990'h yıllarda yeniden popülarite kazanmaya başlamış ve kendisine geniş bir uygulama alanı bulmuştur. Eski Doğu Bloku ülkelerinden birisi olan Bulgaristan da, demokratikleşme sürecinde-yaşadığı ekonomik bunalımdan çıkış için bu yaklaşımı tercih eden ülkelerden birisidir. Bulgaristan'ın bugüne kadarki uygulama sürecinde bazı küçük sorunlar yaşansa da, genel olarak değerlendirildiğinde başarılı olduğunu söylemek mümkündür.

Currency Board Arrangement and Bulgaria Experience

Currency Board Arrangement is a hard fixed foreign exchange rate which has the strongest connection with the Exchange rate anchor. This system, which was first applied in 1849, once it has been accepted as a failure, on the other hand during the 1990's, it became more popular and took its place in the a pplication field. Bulgaria, which was once one of the eastern bloc country, has chosen this appropach in order to overcome the economic epression through the democratization process. Although some slight problems have been experienced up to now, generally the application of this system in Bulgaria can be accepted as successfull.

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