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The authorities have actively pursued restoring credibility in the financial system following the collapse of the system's fourth largest bank in 2014. To restore credibility, the authorities - in addition to requesting a Basel Core Principles (BCP) assessment in 2015 and this financial sector...
Persistent link: https://www.econbiz.de/10012247459
This Technical Note (TN) examines the current state of NPLs in Bulgaria and makes recommendations for a strategy to …
Persistent link: https://www.econbiz.de/10012247486
effective banking supervision in Bulgaria. It provides an overview of the most recent initiatives taken by the Bulgarian …
Persistent link: https://www.econbiz.de/10012247487
Bulgaria and prospects for their evolution over the medium term. The paper argues that low saving rates largely reflect the …
Persistent link: https://www.econbiz.de/10014403148
This paper reviews economic developments in Bulgaria during 1990–97. Bulgaria’s macroeconomic performance during 1990 … years, the cumulative fall in real output over this period amounted to 37 percent. Although Bulgaria’s difficult initial …
Persistent link: https://www.econbiz.de/10014398622
The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...
Persistent link: https://www.econbiz.de/10014398716
This paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement …
Persistent link: https://www.econbiz.de/10014404876
This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Bulgaria. Performance in 2006 …
Persistent link: https://www.econbiz.de/10014404933
highlights Bulgaria’s economic growth, fiscal policy, and reforms. The economic program for 2006 relies on fiscal and credit …
Persistent link: https://www.econbiz.de/10014405207
This paper discusses Bulgaria’s prospects for converging to the living standards of the more advanced members of the … European Union (EU). The unfavorable economic environment of the early 1990s and the economic crisis in 1996–97 hurt Bulgaria … stage for a sustained recovery. The structure of the Bulgaria economy has shifted markedly over the last decade, and …
Persistent link: https://www.econbiz.de/10014405306