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Bulgaria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems

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  • International Monetary Fund

Abstract

This paper presents key findings of Bulgaria’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems. Bulgaria’s macroeconomic policies are tied to three anchors: the discipline imposed by the Currency Board Arrangement; discipline imposed by the accession procedure to the European Union and European Monetary Union; and the conditionalities of IMF and World Bank programs. Although real growth has resumed and the fiscal deficits have been contained, the increasing current account deficit is a matter of concern.

Suggested Citation

  • International Monetary Fund, 2002. "Bulgaria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Se," IMF Staff Country Reports 2002/188, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/188
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    Citations

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    Cited by:

    1. Ian P. Dewing & Peter O. Russell, 2012. "Auditors as Regulatory Actors: The Role of Auditors in Banking Regulation in Switzerland," European Accounting Review, Taylor & Francis Journals, vol. 21(1), pages 1-28, January.
    2. International Monetary Fund, 2004. "Hungary: Selected Issues," IMF Staff Country Reports 2004/146, International Monetary Fund.
    3. Ayadi, Rym & Arbak, Emrah & De Groen, Willem Pieter, 2013. "Convergence and Integration of Banking Sector Regulations in the Euro-Mediterranean area," CEPS Papers 7853, Centre for European Policy Studies.

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