IDEAS home Printed from https://ideas.repec.org/a/nwe/natrud/y2025i3p109-127.html
   My bibliography  Save this article

The Credit Process in Bulgaria After 1999: Some Macroeconomic Effects

Author

Listed:
  • Petar Piperkov

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

Abstract

According to orthodox economic theory, the process of lending and credit creation has little or no macroeconomic significance. Various unorthodox theories reject this point of view in theoretical terms and point to an empirical relationship between lending and certain aggregated macrodynamics. This article examines lending to non-financial enterprises, households and NPISHs and its potential impact on the Bulgarian economy after 1999 in the light of these unorthodox theories, with the aim of testing their applicability and explanatory power. The object is the Bulgarian economy after 1999, and the subject matter is the dynamics of lending and selected macro-indicators. The scientific methods used are historical-logical analysis, comparative analysis and synthesis.

Suggested Citation

  • Petar Piperkov, 2025. "The Credit Process in Bulgaria After 1999: Some Macroeconomic Effects," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 109-127, September.
    • Handle: RePEc:nwe:natrud:y:2025:i:3:p:109-127
    as

    Download full text from publisher

    File URL: https://unwe-research-papers.org/bg/journalissues/article/11720
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:natrud:y:2025:i:3:p:109-127. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.