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The pricing policy of Bulgarian manufacturing firms is analysed in the paper in the context of the theory of the price-setting behaviour of firms endowed with market power, and more specifically, using the notion of mark-up pricing. Using some recent derivations in the literature, we estimate...
Persistent link: https://www.econbiz.de/10005784599
foreign banks in Bulgaria and argue that the current predominance of foreign banks is unlikely to be permanent, even without … government action. Foreign banks have entered Bulgaria several times—before World War I, again after that war, and after the fall …
Persistent link: https://www.econbiz.de/10005784607
Under perfect competition and constant returns to scale, firms producing homogeneous products set their prices at their marginal costs which also equal their average costs. However, the departure from these standard assumptions has important implications with respects to the derived theoretical...
Persistent link: https://www.econbiz.de/10005784761
Ottoman rule, newly independent Bulgaria adopted the bimetallic standard. Without being a member of the Latin Monetary Union … concerned the limit on silver coinage. The absence of such a clause in Bulgaria turned out to be crucial since the financial … acquired the right to issue silver-backed banknotes. Soon after that, in 1906, Bulgaria introduced a short-lived typical Gold …
Persistent link: https://www.econbiz.de/10008528991
The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price … an attempt to estimate Balassa - Samuelson (BS) effect in Bulgaria (after the introduction of the Currency Board). The BS …
Persistent link: https://www.econbiz.de/10005652645
convey. As one would expect, as regimes change, so do the banknotes. Bulgaria has a rich history of change having gone from …
Persistent link: https://www.econbiz.de/10005652672
In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to a currency crisis. While … hazard models of currency crises than the Asian Crisis. We also show how Bulgaria managed to overcome the crisis by …
Persistent link: https://www.econbiz.de/10005652687
Over the last years the efficiency and existence of an automatic adjustment mechanism of currency boards are in the centre of economic discussions. This study is intended to provide an empirical analysis of the volume and interest rate of unsecured overnight deposits at Bulgarian interbank...
Persistent link: https://www.econbiz.de/10005677421
Bulgaria's transition to a market economy has coincided with a large increase in wage inequality. Given the emphasis on … wage leveling in pre-transition Bulgaria, the rise in wage inequality may be due to managers rewarding more productive …, nationally representative Bulgaria Integrated Household Survey, I examine whether gender discrimination is an important factor …
Persistent link: https://www.econbiz.de/10005677479
The mass privatization program in Bulgaria was implemented in 1996-97. Following programs in countries like the Czech … finds that Bulgaria avoided some of the extreme problems that manifested themselves in these other countries, but there were …
Persistent link: https://www.econbiz.de/10005677534