This book is a result of the 5th Biennual Conference of the European Association for Comparative Economic Studies "Economies in Transition and the Variety of Capitalisms: Features, Changes, Convergence" held in Varna, Bulgaria, 10-12 September 1998. It includes 28 papers from all discussed...

Striving to shorten the time-period necessary for the huge transfer of the property needed by the ongoing economic reforms, Bulgaria developed a mass privatisation scheme (MPS). Based on specific financial intermediaries called privatisation funds (PF) that scheme encounters a major problem –...