This article offers an attempt at analyzing financial flows to and out of the households sector in Bulgaria in 1990-1993 and the financial relations of the sector to the other institutional sectors (non-financial enterprises, budget and financial sectors). Gross and net saving rates of...

This paper examines the major financial flows between the real sector and other sectors of the economy as well the financial flows within the sector itself. In doing so, we shall answer the question of whether or not the real sector of the economy was functioning under soft budget constraints...