@book{DemopoulosFratzeskos1998, author = {Demopoulos, George D. and Fratzeskos, Emmanuel K.}, title = {Macroeconomic developments and problems in the transition process of the Bulgarian economy}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-48825}, publisher = {Universit{\"a}t Potsdam}, year = {1998}, abstract = {This paper analyses the macroeconomic developments which have taken place in the Bulgarian economy in the period 1993-1997. The paper also looks at the institutional arrangements and the process of economic policy-making in the country. In this context the problems the Bulgarian economy has experienced in the transition process towards a market-oriented economy are also studied. The paper proceeds as follows: Section 2 looks at the institutional arrangements and the process of economic policy-making through 1995. Section 3 studies the deep economic crisis in 1996 and points out what went wrong in that period. Section 4 continues studying the economic crisis of the Bulgarian economy as well as the problems in the transition process during the first half of 1997. Section 5 looks at the economic developments during the second half of 1997 and points to the prospects for growth in 1998. Section 6 deals with the Bulgarian financial institutions and the existing institutional arrangements. Finally, Section 7 concludes the paper.}, language = {en} }