The paper suggests that concentration of money and a loosely regulated financial market as the main culprits impeding the efficient allocation of economic resources through a banking system that seems to have lost its way and mission. The pursuit of return without risk inevitably leads to the...

In a world where financial capital serves as the backbone of individual and societal economic health, understanding the mechanisms that can stimulate or hinder its accumulation is critical. This study explores how the accessibility of banking services and the integration of digital finance can...

Bulgarian abstract: Негативното влияние на Световната финансова криза засегна всички сектори на българската икономика, в т. ч. и аграрният сектор, в резултат на което...

The dynamics of reforms in the financial system changes corporate governance practices. When forming a national type of corporate governance, a significant role is played by the external environment in the face of the state and the inflow of foreign capital. The similarity between national and...

The paper examines the efficiency of Bulgarian banks and its determinants over the period 1999-2007. The levels of technical, allocative, and cost efficiency are first estimated using a nonparametric methodology and then regressed upon a number of bank-specific, institutional, and EU-related...

This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...

Global banking crisis of 2007 raised a number of issues and challenges facing the banking sector. One aspect of the debate provoked was connected with the issue of rating assessments and objective methods for measuring the condition of the banks and the sector as a whole. This paper set a goal...