Kalina Dimitrova (Bulgarian National Bank) and Luca Fantacci (Bocconi University, Milan) examine the interaction between fiscal and monetary policies in Bulgaria in the period between the country’s independence and the outbreak of the Balkan wars and the ensuing financial instability resulting in a deviation from the established monetary standard. This study draws on a broader research into the specific transition of Balkan countries from the bimetallic system to the gold standard.
Financial stability, monetary autonomy and fiscal interference: Bulgaria in search of its way, 1879-1913
FANTACCI, LUCA
2009
Abstract
Kalina Dimitrova (Bulgarian National Bank) and Luca Fantacci (Bocconi University, Milan) examine the interaction between fiscal and monetary policies in Bulgaria in the period between the country’s independence and the outbreak of the Balkan wars and the ensuing financial instability resulting in a deviation from the established monetary standard. This study draws on a broader research into the specific transition of Balkan countries from the bimetallic system to the gold standard.
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