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The Efficiency in the Functioning of the BNB for the Period after 2010

Author

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  • Ekaterina Sotirova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The aim of the article is to analyze the effec­tiveness of the actions of BNB for the period after 2010 - the beginning of recovery of the economy after the crisis of 2009. The criteria for assessing the effectiveness of a central banking institution is complex and besides purely economic dimensions, there are political, social and international aspects. Low inflation in the country is one of the factors that contributes to the stability of the national currency. Another key factor is the prudent issuing practice of BNB. An important part of the functions performed by the central bank is to supervise the financial system, or only commercial banks - as it is in Bul­garia. The central bank should be an institution, in­dependent of the executive power - the BNB has a high degree of independence from the executive. A comparative analysis to other countries who rank similarly to Bulgaria when it comes to the competi­tiveness of the institutions, is also used to evaluate the effectiveness of the central bank

Suggested Citation

  • Ekaterina Sotirova, 2016. "The Efficiency in the Functioning of the BNB for the Period after 2010," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 39-46, April.
    • Handle: RePEc:nwe:iisabg:y:2016:i:2:p:39-46
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    More about this item

    Keywords

    central bank; commercial banks; banking supervision; monetary policy;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • 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

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