The reasons, development and the effects of the crisis on the government debts in the European Monetary Union are analyzed in this article. The conclusion is justified, that a single currency for diverse economies does not result in economic convergence, but on the contrary – economic...

The practical aspects of liquidity risk measurement and monitoring are demonstrated according to the Basel III New International Framework of the Basel Committee. The computation models of the Liquidity Coverage Ratio – LCR and the Net Stable Funding Ratio – NSFR are tested on the grounds of...

In 2002 Bulgaria performed some operations with its government external debt. These operations were unique in its history in terms of their size. In spring, two types of global bonds were issued - for EUR 535.5 million and for USD 513 million. During the fall of the same year there followed...

In the year 2002 Bulgaria performed unique in their dimensions for its history operations with the national external debt. In the spring two types of global obligations were emitted – for 535.5 million. EUR and for 513 million USD. During the fall in the same year the global obligations in USD...

This article is an attempt to contribute to the analysis of foreign direct investments (FDI) inflows to the Southeastern countries by examining, on a macroeconomic level, the empirical evidence for attracting capital flows. Since the beginning of the century the interest of foreign investors...

A simple model of the debt equilibrium under the conditions of a monetary board is developed. The model has three equations. The first one depicts the impact of the debt burden on the economic activity and the economic growth, respectively; the second one represents a relationship between the...

Some of the most recent tendencies in the development of the European integration processes as a means of overcoming the contradictions of economic globalization. Special attention is paid to the process of enlargement of the EU to the East, as well as to its likely effect over Russia's foreign...

The economic implications of liberalization of integration flows during the past ten years, and the prospects for the coming ten years are investigated. The conclusion is that only goods and capital flows have been liberalized, while labour flows are blocked and likely to stay blocked. This...

The paper discusses the development of VAT in Europe since its emergence, based on the achievements of financial and macroeconomic theory and using rich legal and statistical data. The main axis of the analysis is the controversy between VAT unification and the remaining differences in various...

The study points out the exchange-rate regimes applicable in the seven derogation countries in Central and Eastern Europe, and the link of the regime adopted by them and their macroeconomic performance in the period 2003-2012. A review is presented of the currency regimes in these countries,...