Journal article
Banking and financial systems in Bulgaria
The World of banking, Vol.12(3), p.12
05/01/1993
Abstract
The Bulgarian banking and financial system changed dramatically in 1989 when the Communist Party lost its ruling monopoly and Bulgaria started down the road to political and economic democratization. The nature of the reforms being undertaken in Bulgaria parallel those occurring in other East European countries. Of the many problems confronting these countries, the lack of well-functioning money and capital markets is especially critical. It is clear that the Bulgarian banking and financial system would be made more efficient by the implementation of policies that would: 1. improve the financial information system and the legal instruments available to lenders, investors and borrowers, 2. cleanse commercial banks' and state-owned enterprises' balance sheets of their bad loans, and 3. enhance Bulgarian policymakers' credibility. Bulgarian policymakers seem to understand the need for further banking system reform and are taking steps to restructure the industry to put it on a sound economic footing.
Details
- Title: Subtitle
- Banking and financial systems in Bulgaria
- Creators
- William Hunter
- Resource Type
- Journal article
- Publication Details
- The World of banking, Vol.12(3), p.12
- ISSN
- 0730-8736
- Publisher
- F.I.A. Financial Publishing Co
- Language
- English
- Date published
- 05/01/1993
- Academic Unit
- Finance
- Record Identifier
- 9984963233402771
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