[eng] Can we measure the institutional change of the monetary regime ? . The paper explores the possibilities to measure the institutional change in the monetary field. A political economy theoretical framework is built up, where the monetary regime change is analysed as the outcome of the...

The paper explores the possibilities to measure the institutional change in the monetary field. A political economy theoretical framework is built up, where the change of the monetary regime is analyzed as the outcome of the debtors - creditors interactions. In this perspective, the value of...

[eng] Institutional innovation is analysed as a cumulative and endogenous interaction process between organisations which produce, diffuse and enforce the rules, and organisations aiming to exploit the opportunities given by the institutional framework. Asymmetric positions and relative autonomy...

[eng] A research realized by a sample of Polish enterprises, in the context of systemic transformation, reveals the control of uncertainty as predominant behavior and the weight of durable relations. In various forms of durable interactions - based on complementarities and common past...

The paper generalizes benefits and costs of potential official euroisation of Bulgarian economy in the process of accession to European Union and European Monetary Union. Since Bulgarian has a currency board the paper emphasizes on the comparison of current monetary regime and official...

The transitional period is always connected to redistribution processes and change in the financial wealth of the economic agents. The examination of the redistribution of wealth and its dynamics is important related to the possibilities for a more complete study and rationalization of the...

This paper analyses exchange rate control measures adopted in Italy and Bulgaria during the interwar period. The first two sections provide a detailed account of the institutional and economic framework in which these measures were enforced and interpret them utilizing statistical data. In the...

The present paper traces the trends in the development of the Bulgarian banking system focusing on the dynamics of bank efficiency. Although the financial crisis in 1996-1997 and the following shift in monetary regime (introduction of Currency Board Arrangement) exerted significant influence on...

Institutional competition stirs the interest of economists following a certain cyclical pattern. In this context, it is very interesting to look back at the experience of Lenin and the Bolsheviks of adopting monetary competition to stabilize their political and economic power after the crash of...