With the transition from planned economic systems to membership in the European Union, capital inflows and domestic credit have expanded tremendously in Central and Eastern Europe. Four of these countries - Estonia, Latvia, Lithuania, and Bulgaria - maintain fixed exchange-rate regimes, which...

This paper presents an empirical analysis of the medium and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate...

The history of insurance and insurance mediation in Bulgaria can be divided into four periods - from 1878 to 1946; from 1946 to 1989; from 1989 to 2007; and after the accession of Bulgaria to the EU in 2007. The most significant regulatory at the end of the penultimate period and the last period are related...

The currency board arrangement (CBA) in Bulgaria will soon mark its twenty fifth anniversary, a period full of important policy challenges and difficult choices for the policymakers. This paper summarizes the evolution of Bulgaria’s macroeconomic policy set under this monetary and exchange...

With fortuitously timed data - collected before, during and after a major macro-financial crisis in Bulgaria - we revisit several hypotheses in the economics and nutritional literature related to the tendency of households to smooth their nutritional status over time. We explore the dietary...

With fortuitously timed data - collected before, during and after a major macro-financial crisis in Bulgaria - we revisit several hypotheses in the economics and nutritional literature related to the tendency of households to smooth their nutritional status over time. We explore the dietary...

The paper presents the creation of a new composite coincident monthly indicator for Bulgaria. The Bry-Boschan method is used to determine the turning points for the Bulgarian business cycle for the 2000-2011 period. A new composite leading indicator is also created and tested. The paper finds...

With fortuitously timed data - collected before, during and after a major macro-financial crisis in Bulgaria - we revisit several hypotheses in the economics and nutritional literature related to the tendency of households to smooth their nutritional status over time. We explore the dietary...

The Bulgarian macroeconomic dynamic trajectory in the period 1990-2010 is taken shape under the determinant action of certain internal and external factors. The most importance among the cumulative internal factors has the processes, related to the market economy transition. They cause...

The paper presents the creation of a new composite coincident monthly indicator for Bulgaria. The Bry-Boschan method is used to determine the turning points for the Bulgarian business cycle for the 2000-2011 period. A new composite leading indicator is also created and tested. The paper finds...