English, Article edition: The banking crisis in Bulgaria in 1996-1997 Peter Ignatiev

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/25810
Physical Description
  • article
Language
  • English

Edition details

Title
  • The banking crisis in Bulgaria in 1996-1997
Author
  • Peter Ignatiev
Physical Description
  • article
Notes
  • After a short preface about the importance of the subject, reasons are given for the applicability of the model of Kindleberger and of the models of financial crises in emerging markets to the banking crisis in Bulgaria. The history and scheme of the crisis are considered. The structure of the banking system during the period 1992-1997, concentration of the bank assets and share of the private banks, are analyzed. The characteristics of the economic environment are explained: soft budget constraints, high and variable inflation. Proofs are given that the policy of the Bulgarian National Bank can be estimated as a normal hazard. It is proved that during 1994 and 1995 the capital base of the banking system was negative. Proofs are given that the crisis stands comparison with the Great Depression of the 30's. The basic conclusions of the analysis of the crisis for the economic policy are made: consolidation of institutions, macroeconomic stability, international lender of last resort, restructuring of the financial and real sectors.
  • RePEc:bas:econth:y:2003:i:1:p:66-88
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment