Flashes from the Past: Establishment of the Bulgarian national Bank as Central bank of Bulgaria

Bojidar Bojinov ()

MPRA Paper from University Library of Munich, Germany

Abstract: The study aims to outline the specifics related with the emergence and development of central banking in Bulgaria. Established in 1879 as an ordinary commercial bank, Bulgarian National Bank experienced a number of ups and downs in its 130 year history. In its evolutionary development, it became a central issue and Bank of Bulgaria in 1928. In the years of socialism, Bulgarian National Bank is experiencing its devolution development to become in the period 1971-1982 in the only bank in country (monobank system). With the transition to a market conomy in 1991, the National Bank again returned to its independence and autonomy. After the banking crisis of 1996-1997, the National Bank began operating in the currency board arrangement.

Keywords: banks; central bank; Bulgarian national bank; history (search for similar items in EconPapers)
JEL-codes: B00 G21 (search for similar items in EconPapers)
Date: 2015-10-15
New Economics Papers: this item is included in nep-mon and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67233

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