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The 1996-1997 financial crisis in Bulgaria

Roussenova, Lena
The main objective of the paper is to identify the initial conditions and vulnerabilities that led to the 1996-1997 crisis, as well as to outline the key developments and characteristics of the dual banking and currency crisis. In addition, it analyzes the crisis resolution policies implemented by the authorities. The paper was presented in April 2002 at the International Seminar on Comparative Experiences in Confronting Banking Sector Problems in Central/Eastern Europe and Central Asia, organized by the IMF, WB, EBRD and NBP.
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Contributor: European Institute - http://europe.bg
Topic: Economy and Development
Country: Bulgaria
Document Type: Policy Analyses
Year: 2002
Keywords: Banking, Currency Boards, Monetary Policy
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