The introduction of the Currency Board in Bulgaria in July 1997 may be viewed as an
extreme institutional change of the monetary regime and as its discrete interruption. Bulgaria …

In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to
a currency crisis. We argue that the Bulgarian Financial Crisis might serve as an illustrative …

This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia
and Lithuania during the 1993-2005 period. The paper aims at deepening the …

In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to
a currency crisis. While being widely neglected by the financial crisis literature and the …

This study analyses bank lending in the larger context of bank-firm relations within the
Bulgarian specificity of currency board. It focuses on the'intersection'of credit supply and …

Over the last years the efficiency and existence of an automatic adjustment mechanism of
currency boards are in the centre of economic discussions. This study is intended to provide …

This paper analyses the development of the Bulgarian Banking Market and its integration
towards the Single European Financial Market. This analysis is made through different than …

This chapter is a commentary on financial transformation in Bulgaria, and it demonstrates
how global pressures to create a neoliberal banking system are mediated and domesticated …

When one reviews a historical record of any kind, a certain type of stereotype is
unavoidable, and that is the local bias. Despite our best efforts, even the most liberal minded …

Any profound change in the economic system leads to significant changes in monetary
theory and in economics in general. This statement is not new and has been repeatedly …