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Monetary crisis in the 30th and the reactions of Bulgarian economists

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  • Nikolay Nenovski

Abstract

In the paper, I deal with the issues of how the Bulgarian academic community interpreted the monetary crisis (especially pound devaluation) and in what theoretical models Bulgarian economists thought and practical solutions they offered during the Great Depression. The decisive phase of the Gre at Depression period was the banking crisis in Austria and Germany, which led to a currency crisis of the sterling pound and its devaluation in the summer of 1931, and of the dollar in early 1934. The crises of those two main currencies began to bear direc tly on Bulgaria and thus became the subject of numerous analyses (Delaisi, 1933; Robbins, 1934). JEL codes: B 10, B 20, B30, N13, N14, G01.

Suggested Citation

  • Nikolay Nenovski, 2011. "Monetary crisis in the 30th and the reactions of Bulgarian economists," Business & Management Compass, University of Economics Varna, issue 3, pages 9-17.
    • Handle: RePEc:vrn:journl:y:2011:i:3:p:9-17
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    Keywords

    Bulgarian economic thought; Great Depression;

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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