The paper aims to reveal the peculiarities of the development of the Bulgarian banking system and the factors that determine its development. The banking crisis of 1996-1997, the introduction of the Currency board has pushed forward the consolidation of bank capital. Foreign banks have taken on...

This study determines the modern approaches to the implementation of monetary policy and regulation of financial systems. Set of measures to prevent and overcome the financial crisis is grounded taking into consideration different areas of research and the IMF (Poole W., 2010; Roger S., 2010). New...

The contribution of this paper is the delineation of the concept of the “monetary regime”, which implies specification of a numerical target that commits the central bank to achieve the primary goal of the monetary policy. We considered that the monetary policy regimes represent an attempt...

The article underlines the necessity of a concept of modernization of the national economy in terms of the global crisis, based on production systems strengthening, implementation of innovational technologies, efficient energy management, building business on models that take into account the...

This paper enhances the role of the sustainable development concept and shows the impact of it on human society in the new economic, social and ecological challenges. It is known that sustainable development contributes to solve many issues such as biodiversity conservation, climate changes,...

The main objective of the research paper is to analyze the development of the stock markets of Bulgaria and Romania. The research will aim at identifying the factors that influence the stock market development process in the two EC member-states following seven years of full EU membership, to...

Regional integration is often viewed as a way to support development and economic growth in developing countries through the related with it benefits to trade and welfare. There is a clear distinction between the integration processes among developed countries where mainly the classic static and...

In a more and more preoccupied society for ensuring sustainability at all its levels (environmental, economic, social and cultural) the question is if a sustainable development could be reached through the primary or updated model of Homo Oeconomicus. If sustainable development means to use the...

The study has as starting point the need to stringent of taking position to establish financial responsibility for the environmental damages. Taxation of the activities with environmental impact is one of the tools used for achieving environmental objectives. Therefore necessity of balancing...

In a narrow sense, taxation of natural resources is related to royalties that reveal the fiscal advantage of a concrete and rapid cash public revenues. In a large sense, the present paper takes into account both an legal, technological and fiscal management of natural resources to encourage the...