Bulgaria: From enterprise indiscipline to financial crisis

  • Roumen Avramov
  • Jérôme Sgard
Structural Adjustment, Innovation and Privatisation


Economic Growth Financial Crisis 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Aghion P., Blanchard O. and R. Burgess (1994), “The Behaviour of State Firms in Eastern Europe, Pre-Privatization’,European Economic Review, vol. 38.Google Scholar
  2. Avramov R. and V. Antonov (1994), ‘Economic Transition in Bulgaria’,Agency for Economic Coordination and Development, Sofia.Google Scholar
  3. Avramov R. and K. Guenov (1994), ‘The Rebirth of Capitalism in Bulgaria’, Bank Review,Journal of the Bulgarian National Bank, vol. 4.Google Scholar
  4. Berglöf E. and G. Roland (1995), ‘Bank Restructuring and Soft Budget Constraints in Financial Transition’,CEPR discussion paper, no. 1250.Google Scholar
  5. Bonin J.P. and I.P. Székely (eds.) (1994),The Development and Reform of Financial Systems in Central and Eastern Europe, Edward Elgar, London.Google Scholar
  6. Dittus P. (1994), ‘Bank Reform and Behavior in Central Europe’,Journal of Comparative Economics, vol. 19, no. 3, December.Google Scholar
  7. European Bank (1995),Transition Report 1995.Google Scholar
  8. Herr T.S. and A. Westphal (eds.) (1994),Macroeconomic Problems of Transition, Londres, Edward Elgar.Google Scholar
  9. McKinnon R.J. (1991),The Order of Economic Liberalization, Financial Control in a Transition to a Market Economy, The Johns Hopkins University Press, Baltimore and London.Google Scholar
  10. OECD (1993),Transformation of the Banking System: Portfolio Restructuring, Privatisation and the Payment System, Paris, OECD/CCEET.Google Scholar
  11. Rostowski J. (ed.) (1995),Banking Reform in Central Europe and the Former Soviet Union, Central European University Press, Budapest.Google Scholar
  12. Sargent T.J. and N. Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’,Federal Reserve of Minneapolis Quarterly Review, vol. 5.Google Scholar
  13. Sgard J. (1995), ‘Recapitalisation bancaire et aléa moral en Hongrie et en Pologne’,Revue Economique, vol. 46, no. 2, mars.Google Scholar
  14. Sgard J. (1996), ‘Credit Crisis and the Role of Banks During Transition: a five-Country Comparison’,Working Paper, CEPII, July.Google Scholar

Copyright information

© Kluwer Academic Publishers 1996

Authors and Affiliations

  • Roumen Avramov
    • 1
    • 2
  • Jérôme Sgard
    • 1
    • 2
  1. 1.Centre for Liberal StrategiesSofiaBulgaria
  2. 2.C.E.P.I.I.ParisFrance

Personalised recommendations