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“WHAT WILL YOU GIVE US, HISTORY …?“ Contemporary Debates on the Monetary System of Bulgaria in the Light of Economic History

Author

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  • Pencho Penchev

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

Abstract

The paper provides a historical reconstruction of key moments in Bulgarian financial history. They are mainly concentrated in the 19th century and are related to monetary practices and traditions before the Liberation from Ottoman rule and their evolution after 1879, the political discussions and monetary dilemmas that were placed before the political elite around the birth of the Bulgarian lev and the possible impact of monetary system on the personal finances of Bulgarians approximately until the outbreak of the First Balkan War (1912). The main conclusion is that the then lawmakers found the right solution to the dilemma they faced, despite their limited knowledge and lack of experience.

Suggested Citation

  • Pencho Penchev, 2025. "“WHAT WILL YOU GIVE US, HISTORY …?“ Contemporary Debates on the Monetary System of Bulgaria in the Light of Economic History," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 11-26, December.
    • Handle: RePEc:nwe:natrud:y:2025:i:4:p:11-26
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/11726
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    Keywords

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    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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