In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to a currency crisis. However, in comparison to the Asian, the Russian or the recent Tango Crisis the Bulgarian Crisis did arouse relatively low international interest. We argue that the Bulgarian...

Extreme inflation has led to economic collapse and political chaos in contemporary Russia. This book presents a radical solution to this problem - a currency board system - with details of how to establish and operate such a system