This article examines the reaction of the Romanian and Bulgarian ruling classes to the great transformations in South-East Europe in the aftermath of World War I. The conflict had revealed the intrinsic weakness of the economic and social structures of all the Balkan nation-states, victors and...

In the summer of 1931, the Austro-German banking crisis spread to Romania and Bulgaria. In the Romanian case, the management of the crisis confronted three types of protagonists - politicians, bankers and central bankers - and positions about the relevant attitude to adopt, in particular to...

The economic narratives of Southeast Europe during the first part of the 20th century are currently being re-written. A story of failed industrialisation and delayed modernisation during the Interwar period has dominated since the pioneering work of Gerschenkron, but not enough aggregate data...