Monetary Theory and History
2013
2012
2011
Empirical Investigation of Systemic Risk in the New EU States (with P. Chobanov and A. Lahiani), Economics Bulletin, 2011, Vol. 31 no.2 pp. 1401-1412, 2011
2010
EU Enlargement and Monetary Regimes from the Insurance Model Perspectives, William Davidson Institute Working Paper No 997, June 2010
Economic and Social Thoughts of Ivan Pososhkov (1652-1726), International Center for Economic Research Working Paper, No 2, 2010
2009
On Money as an Insitution, International Center for Economic Research Working Paper, No 12, 2009
2008
Transformation in Eastern Europe: Challenges for Monetary Theory and Central Bank Practise, Monetary and Financial Transformation in CEECs, paper presented at the ESCE, Paris, 20 November, 2008
Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe, in: Melting the Boundaries: Institutional Transformation in the Wider Europe, pp. 129-152, Yagi, K. and S. Mizobata, Eds., Kyoto University Press, 2008
2007
Exchange Rate Control in Italy and Bulgaria in the Interwar Period: History and Prospectives. International Center of Economic Research Working Paper, 2007, N 40
2006
Notes on convergence, 2006, Novo Vreme, N 8-9, pp. 67-77 (in Bulgarian)
2005
2004
Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria, (with Berlemann, M.), in: Sovereign risk and financial crisis, Frenkel, M., Karmann, A., Scholtens, B., Eds), Spinger - Verlag, pp. 237 – 257, 2004
The efficiency of banking system in CEE: inequality and convergence to the EU, (with Tomova, M. and Naneva, T.), in: Financial markets in CEE, Stability and efficiency perspectives, (Balling, M., Lierman, F., and Mullineux, A., eds), Routledge, London, pp. 225 – 251, 2004
Assessing Market Expectations on Exchange Rates and Inflation: A Pilot Forecasting System for Bulgaria (Berlemann M. and Dimitrova K.) in: Frank Columbus (ed.), Politics and Economics of Eastern and Central Europe, Hauppauge, 2004
Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective (with Y. Rizopoulos), William Davidson Institute Working Paper, N 732, 2004
Lending of First versus Lending of Last Resort: The Bulgarian Financial Crisis of 1996/1997 (with M. Berlemann), Comparative Economic Studies, vol. 46, N 2, pp. 245-271, 2004
Credibility and adjustment: gold standards and currency boards compared (with JB Desquilbert), William Davidson Institute Working Paper, University of Michigan, N 692, 2004 , also in Bulgarian National Bank, Disscussion Paper, N 39, 2004 Centre Analyse Economique, Aix-en Provance, Document de Recherche, N 22, 2004
The Bulgarian National Bank, the fiscal reserve and the money multiplier, (with JB Desquilbert), mimeo
Reflections on the evolution of institutions in post-communist countries, (with P. Garello), mimeo
Money market liquidity under Currency board - empirical investigations for Bulgaria (with P. Chobanov), William Davidson Institute Working Paper, University of Michigan, N 693, 2004
Peut-on mesurer le changement institutionnel du régime monétaire ? (with Y. Rizopoulos), Revue d’économie financière, vol. 75, pp. 17 -36, 2004
A non-pessimistic theory of Bulgarian transition, Introduction to Nedeltchev, D., Social capital and economic development, 2004, Sofia, Edition of Bulgarian Academy of Sciences, Academic Publishing House “Marin Drinov”
2003
Assurance des dépôts bancaires durant l’accession à l’UE, Revue d’économie financière, vol. 72, pp. 123-140, 2003
The Efficiency of banking Systems in CEE. Inequality and Convergence to the EU, (with M. Tomova and T. Nenova), SUERF, presented at 24th SUERF Colloquium on Stability and Efficiency of Financial Markets in Central and Eastern Europe, June 2003, Tallinn
Exploring the Currency board mechanics’. A basic formal model (with J-B. Desquilbet), BNB, Discussion papers, N 35, 2003
Banks-Firms Nexus under the Currency Board: Empirical Evidence from Bulgaria (with E. Peev and T. Yalamov), Revue d'études comparatives Est-Ouest, vol. 34, N 2, pp. 53-81, 2003. Also as a William Davidson Institute Working Paper N 555, University of Michigan, and as Bulgarian National Bank, Discussions Papers, No 32, 2003
Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria (with Y. Rizopoulos), Journal of Economic Issues, vol. XXXVII, N4, December, pp. 909 – 941, 2003
2002
Dual inflation under the Currency Board. The challenges of Bulgarian EU accession (with K. Dimitrova), William Davidson Institute Working Paper N 487, University of Michigan, 2002
Lending of last resort, moral hazard and twin crises. Lessons from the Bulgarian financial crises 1996/1997 (with M. Berlemann and K. Hristov), William Davidson Institute Working Paper N 464, University of Michigan, 2002
Deposit insurance in Bulgaria – problems and possible solutions during the accession process, (with B. Petrov), State Insurance Fund, (in Bulgarian), Banks, Investments and Money, N 1, pp. 2-9, 2002
New Currency Boards and Discretion. The Empirical Evidence from Bulgaria, (with K. Hristov), Economic Systems (Elsevier), vol. 26, N 1, pp. 55-72, 2002, (in Litvanian, Pinigų Sudijos, No1, p.14-27 2001)
Comparing institutional and organizational design of Currency Boards in transition countries, (with K. Hristov and M. Mihaylov), Eastern European Economics, vol. 40, pp. 6-35, 2002
2001
The Currency Board and Bulgaria’s Accession to the European Monetary Union, (with D.Ialnazov), The Kyoto University Economic Review, vol. LXX, N 1/2, whole n 148/149, pp. 31-48, 2001
Comparing Currency Board Automatic Mechanism in Bulgaria, Estonia and Lithuania, (with K. Hristov and M. Mihaylov), Journal des Economistes et des Etudes Humaines, vol. XI, n 4, pp. 575 – 616, 2001 and also as a Document de Recherche, Laboratoire d’économie d’Orléans, N 24, 2001
Official Euroization in Bulgaria: Pros and Cons, (with K. Hristov), Economic Studies, Bulgarian Academy of Sciences, vol. X, N 1, pp. 64 –81, 2001, (in English)
Comparing Currency Board Automatic Mechanism in Bulgaria, Estonia and Lithuania, Economic Thought, No 3, 2001
Паричният съвет в Естония, Литва и България: Сравнителен анализ, (с К. Христов), сп. Икономическа мисъл, бр.3, с. 24-45, 2001
The Nonorthodox Currency Boards: The Case of Bulgaria, (with K. Hristov), Valencia, Universitat de Valencia, Papers Transitio, Unitat d’Investigacio Formacions Socials en Transicio, N 2, 2001
Pinigų Politika Valiutų Valdybos Sąlygomis: Bulgarijos Atvejis, (with K. Hristov), Pinigų Sudijos, No1, p.14-27 2001, (in Lithuanian).
2000
Inflation under a Currency Board (the case of Bulgaria), (with Yotzov, V., Hristov. K.), Bulgarian National Bank, Discussions Papers, N 12, 2000
Currency in Circulation after Currency Board Introduction in Bulgaria (transaction demand, hoarding and hidden economy) (with Hristov K.), Bulgarian National Bank, Discussions Papers N 13, 2000
1999
Monetary Policy under the Currency Board: the case of Bulgaria (with K. Hristov), august, 1999, prepared for the International Workshop on Currency Boards: Convertibility, Liquidity Management and Exit, Hong Kong Baptist University, 9 October 1999; also in Lithuanian in Monetary Studies, Bank of Lithuania, 2001, volume V, No 1, pp. 14-28
Monetary regimes and Real Economy (Empirical Tests before and after the Introduction of the Currency Board in Bulgaria), (with K.Hristov), Bulgarian National Bank, Discussions Papers, N 10, 1999
Two Approaches to Fixed Exchange Rate Crises, (with K.Hristov, B.Petrov), Bulgarian National Bank, Discussions Papers, N 4, 1999
Modeling monetary history in Bulgaria 1913 - 1945. Lessons from the past, Bulgarian National Bank, Discussions Papers, N 5, 1999
1998
Financial repression and credit rationing under the Currency board arrangement for Bulgaria, (with K.Hristov), Bulgarian National Bank, Discussions Papers, N 2, 1998
The first year of the Currency Board in Bulgaria, (with V.Yotzov, K.Hristov, I.Petrova, B.Petrov), Bulgarian National Bank, Discussions Papers, N 1, 1998
Criteria for evaluation of the systemic risk under Currency Board (with Kalin Hristov), Bulgarian National Bank, Working paper, 1998/1, (also in the book “Banking Sector Management under Currency Board“, Sofia, pp. 79 - 116, 1999
Контролируемо ли е паричното предлагане в България?, сп. Икономическа мисъл, бр. 1, 1998
1997
Теоретични основи на системните финансови кризи, сп. Икономическа мисъл, N 2, с. 3-22, 1997
Системните финансови кризи, Българска народна банка, Информационен бюлетин, N 3, с. 41-51, 1997
Study on the Demand for Money in Bulgaria, Bulgarian National Bank, Monthly Bulletin, 1997, N 5, p. 31-35 (co-author Victor Yotzov)
Коинтеграцията и корекцията на грешката – един синтез, сп. Статистика, N 3, с. 51-69, 1997
1996
Изследване на търсенето на пари в България, сп. Икономическа мисъл, N 2, с. 35-54, 1996
Само за три неща в паричната политика при преход, сп. Финансов Форум, N 2-3, с. 23-27, 1996
Адаптиране на България към изискванията за инвестиционните фондове в Европейския съюз. Глава 11 в кн.: Приобщаване на България към Европейския съюз. Политически, икономически и правни проблеми, отг. ред. Т.Хубенова, С., изд. “Стоилов”, с. 196-213, 1996
1994
Рациониране на кредита в условията на несигурност, сп. Икономическа мисъл, N 1, с. 87-96, 1994
1993
Паричната и бюджетната политика при плаващ валутен курс, сп. Икономическа мисъл, № 4, с. 53-64
Exchange Rates and Inflation: France and Bulgaria in the Interwar period and the Contribution of Albert Aftalion (1874-1956), Bulgarian National Bank, October 2006 (in English), (in French), (in Bulgarian)