The history and institutional transformation of Bulgarian cooperative banks from the Ottoman Empire to the First World War

Histoire et transformation institutionnelle des banques coopératives bulgares

Tsvetelina Marinova and Nikolay Nenovsky ()
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Tsvetelina Marinova: New Bulgarian University, CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne

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Abstract: Stemming from a long tradition of mutual aid and social solidarity, social finance in Bulgaria arose from particular political and economic conditions. Cooperative banking played a pivotal role in the establishment of Bulgaria's financial and economic system between the two world wars (1919-1938). This article examines the rapid growth of cooperative banks and their impact on the economy in the inter-war period. In the early 1930s, cooperative banks became the most developed form of cooperatives in Bulgaria, particularly in towns.

Date: 2017-01-01
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Published in Revue Internationale de l'Economie Sociale, 2017, 343 (1), pp.131-146. ⟨10.3917/recma.343.0131⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03827711

DOI: 10.3917/recma.343.0131

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