Does capitalism emerging in Eastern Europe need as solid ethnic or spiritual foundations as some other "Great Transformations" in the past? Apparently, one can become an actor of the new capitalist game without belonging to the German, Jewish, or, to take a timely example, Chinese minority. Nor...

[eng] The paper reviews basic features of the currency board arrangement (CBA) as a monetary system and the peculiarities of the Bulgarian model. The impact of the CBA on different institutional sectors and on the remonetization of the economy is commented. The external vulnerability of the CBA...