From transition to accession : developing stable and competitive financial markets in Bulgaria
著者
書誌事項
From transition to accession : developing stable and competitive financial markets in Bulgaria
（World Bank technical paper, no. 473 . Europe and Central Asia poverty reduction and economic management series）
World Bank, c2000
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注記
Bibliography: p. 35-36
"Work in progress for public discussion"--Cover
内容説明・目次
内容説明
Bulgaria is recovering from a severe economic and financial crisis that followed more than five years of macroeconomic mismanagement and timid attempts at restructuring the economy and transitioning from plan to market. The last three years have witnessed a rapid turnaround in achieving macroeconomic stability and implementing a solid economic transformation program. As a candidate country for accession to the European Union (EU), Bulgaria, in the years ahead will need to establish stable, well-regulated and competitive financial markets and institutions. This entails adapting its legislative framework to the norms and standards of the EU. In this context, this paper a. reviews developments in the financial markets after the 1996-97 economic and financial collapse; b. assesses where the sector stands in restructuring, adjusting to a currency board environment, and harmonizing its regulatory framework with the EU; and c. identifies the key outstanding financial sector policy issues to consider while meeting EU accession objectives.
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