During 1997 Bulgaria experienced one of the deepest financial crises in CEE countries. The combination, with currency crisis, widespread bank failures, hyperinflation and government crisis had a very negative affect over the whole Bulgarian economy. Parallel with the introduction of a currency...

Bulgaria is a small South-eastern European country with a population of 8 million inhabitants in economic transition. During the bank crisis (1996-97) about 1/3 of all banks went bankrupt. On 5 July 1997, the Bulgarian government, jointly with IMF, introduced the Currency Board Arrangement,...

During the last years, the banks have started an expansion to the web - they offer a broad range of traditional bank products and services via Internet. This paper presents results from a research which aims to describe an actual picture of remote banking products and services offered by...

The new information technologies adoption and e-commerce emergence change the role of financial intermediaries in new E-conomy. According to ECB (ECB 1999), new IT developments affect banking in two ways - they contribute to the reduction of the cost by replacing paper-based and labour-incentive...