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The history and institutional transformation of Bulgarian cooperative banks from the Ottoman Empire to the First World War
[Histoire et transformation institutionnelle des banques coopératives bulgares]

Author

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  • Tsvetelina Marinova

    (New Bulgarian University, CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne)

  • Nikolay Nenovsky

    (CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne)

Abstract

Stemming from a long tradition of mutual aid and social solidarity, social finance in Bulgaria arose from particular political and economic conditions. Cooperative banking played a pivotal role in the establishment of Bulgaria's financial and economic system between the two world wars (1919-1938). This article examines the rapid growth of cooperative banks and their impact on the economy in the inter-war period. In the early 1930s, cooperative banks became the most developed form of cooperatives in Bulgaria, particularly in towns.

Suggested Citation

  • Tsvetelina Marinova & Nikolay Nenovsky, 2017. "The history and institutional transformation of Bulgarian cooperative banks from the Ottoman Empire to the First World War [Histoire et transformation institutionnelle des banques coopératives bulg," Post-Print hal-03827711, HAL.
    • Handle: RePEc:hal:journl:hal-03827711
    DOI: 10.3917/recma.343.0131
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