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Monetary Dynamics and Economic Activity


  • Garabed Minassian


An attempt was made to analyze the development and the various indications of the financial & economic crisis in Bulgaria, resulting in advisable macroeconomic policies. The liquidity crisis imposes sensitive restrictions and impedes the economic growth. Consequently the expectations are directed to the Bulgarian National Bank’s capability to weaken the crisis and unconditionally to the government to make our country more attractive as an investment destination.

Suggested Citation

  • Garabed Minassian, 2010. "Monetary Dynamics and Economic Activity," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-28.
  • Handle: RePEc:bas:econth:y:2010:i:4:p:3-28

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    References listed on IDEAS

    1. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
    2. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes


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