On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

This paper examines the efficiency of Bulgarian banks and its determinants over the period 1999-2007. The levels of technical, allocative, and cost efficiency are estimated using a nonparametric methodology and then regressed on a number of bankspecific, institutional, and EU-related factors....

Our hypothesis is that both the transition phases and the diversity of trajectories of post-communist countries are the result of a significant difference in actors' strategic behavior. If we apply game theory to the socioeconomic context of post-communist evolution, this difference reflects the...

This article offers an attempt at typologisation of the evolution of monetary regimes in post-communist countries (1990-2008), which is exceptionally varied by character. Two large groups have emerged: type 1 – countries, which started their reforms with a regime of fixed exchange rate and...

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...

La comparaison des politiques économiques adoptées par la Roumanie et la Bulgarie de la fin du régime communiste à la période récente fait ressortir les divergences qui distinguent les deux pays voisins balkaniques. Un accent particulier est mis sur l’évolution de leurs politiques...

L’objet principal de cet article est de comprendre comment les économistes bulgares ont interprété la Grande Dépression, c’est-à-dire, de mettre en évidence les modèles théoriques qu’ils ont utilisé et les solutions qu’ils ont défendu. Plus particulièrement on cherchera (i) à...

After more than two decades of transition and integration, countries in Central and Eastern Europe (CEE) still exhibit income levels that are significantly lower than the European Union (EU) average. This paper examines convergence in per-capita GDP between CEE and the EU over the period...