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The large capital inflows that generated a domestic demand boom in Bulgaria led to strong employment growth. But a … sharp reduction in capital inflows led to a contraction of domestic demand, while the recession in Bulgaria’s trading …
Persistent link: https://www.econbiz.de/10014404383
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014409344
In 1999, Executive Board deliberations on Bulgaria focused on the need for the authorities to persevere with structural … reform. Under the currency board arrangement introduced in mid-1997, Bulgaria has achieved macroeconomic stabilization and …
Persistent link: https://www.econbiz.de/10014402194
Bulgaria’s potential output growth in future could be markedly lower, and it may take considerable time for the excess …
Persistent link: https://www.econbiz.de/10014404408
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 2008 Article IV Consultation discusses that Bulgaria has been hit by the global financial crisis, with clear signs …
Persistent link: https://www.econbiz.de/10014406800
Bulgaria’s currency board arrangement continues to have broad political and public support and shows no signs of strain …
Persistent link: https://www.econbiz.de/10014406998
The extensive growth model introduced under central planning in the 1950s resulted in rapid industrialization and initially high growth. The efforts to bring the banking system on a sound footing following the 1996–97 crises have hardened budget constraints, but they have yet to result in a...
Persistent link: https://www.econbiz.de/10014407216
Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15 …
Persistent link: https://www.econbiz.de/10014405684
This 2007 Article IV Consultation highlights that Bulgaria’s large external imbalance has continued to widen. Driven by …
Persistent link: https://www.econbiz.de/10014405745