Mutual link between the monetary and exchange rate policy and economic development on the example of Romania and Bulgaria

This bachelor's thesis focuses on the possible link between the monetary and exchange rate policy and economic development. The first part presents basic theoretical aspects of monetary and exchange rate policies which are then applied to the case of two selected countries, namely Romania and Bulgaria. The practical part analyses the evolution of monetary and exchange rate policies in both countries and also follows the development of both economies with the help of several indicators. The objective of the thesis is to describe a possible dependence of the economy's evolution on monetary policy regime using the evaluation and comparison of collected data