Rapid credit growth in Bulgaria, Romania, and Ukraine has been driven by successful macroeconomic stabilization, robust … been excessive, as evidenced by widening current account deficits in Bulgaria and Romania, and prudential concerns in …

This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to … macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a …

This paper analyzes the declines in economic activity experienced by Bulgaria, the Czech and Slovak Federal Republic …

, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as …

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …

conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly …

power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm …