Banking reform and the transition to a market economy in Bulgaria: Problems and prospects

William Hunter

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Journal article

Banking reform and the transition to a market economy in Bulgaria: Problems and prospects

William Hunter

Economic review (Atlanta, Ga.), Vol.78(1), pp.15-22

01/01/1993

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Abstract

Despite the magnitude of the difficulties confronting Bulgaria following communism's collapse, it is important that the country persist in efforts already under way to revitalize and privatize its banking and financial system, which will play a vital role in the transition to a market economy. An overview is given of the banking reform taking place in Bulgaria, discussing the lack of information on creditworthiness, the lack of effective accounting and legal systems, and the problems associated with bad loans within the banking system and among state-owned enterprises.

Agricultural commodities

Agricultural production

Agriculture

Banking

Banking industry

Banking law

Byzantine civilization

Capitalism

Commercial banks

Economic development

Economic growth

Economic history

Economic planning

Economic reform

External debt

Forecasts

Income redistribution

International trade

Loans

Market economies

National banks

Nationalization

Political parties

Privatization

Problems

Public enterprise

Reforms

Studies

Transition economies

World War II

Details

Title: Subtitle: Banking reform and the transition to a market economy in Bulgaria: Problems and prospects
Creators: William Hunter
Resource Type: Journal article
Publication Details: Economic review (Atlanta, Ga.), Vol.78(1), pp.15-22
ISSN: 0732-1813
eISSN: 2163-3258
Publisher: Federal Reserve Bank of Atlanta
Language: English
Date published: 01/01/1993
Academic Unit: Finance
Record Identifier: 9984963140802771

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