 The Efficiency in the Functioning of the BNB for the Period after 2010Ekaterina Sotirova
Ikonomiceski i Sotsialni Alternativi, 2016, issue 2, 39-46 Abstract: The aim of the article is to analyze the effectiveness of the actions of BNB for the period after 2010 - the beginning of recovery of the economy after the crisis of 2009. The criteria for assessing the effectiveness of a central banking institution is complex and besides purely economic dimensions, there are political, social and international aspects. Low inflation in the country is one of the factors that contributes to the stability of the national currency. Another key factor is the prudent issuing practice of BNB. An important part of the functions performed by the central bank is to supervise the financial system, or only commercial banks - as it is in Bulgaria. The central bank should be an institution, independent of the executive power - the BNB has a high degree of independence from the executive. A comparative analysis to other countries who rank similarly to Bulgaria when it comes to the competitiveness of the institutions, is also used to evaluate the effectiveness of the central bank Keywords: central bank; commercial banks; banking supervision; monetary policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2016:i:2:p:39-46 Access Statistics for this article More articles in Ikonomiceski i Sotsialni Alternativi from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC. |
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