IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpfi/0310010.html
   My bibliography  Save this paper

Evolution and Present Status of Bulgarian Card Market

Author

Listed:
  • Bojidar Bojinov

Abstract

Bulgaria is a small South-eastern European country with a population of 8 million inhabitants in economic transition. During the bank crisis (1996-97) about 1/3 of all banks went bankrupt. On 5 July 1997, the Bulgarian government, jointly with IMF, introduced the Currency Board Arrangement, which lead to economic stabilization and growth. During the last four years the Bulgarian card market has expanded rapidly. The article reviews the evolution and the present status of the Bulgarian card market. The first trials to introduce cards in Bulgaria and to establish national card networks were made by three private banks. After 1992, the First Private Bank, the TouristSportBank, and the BalkanBank started their own networks; the first two based them on cards with a magnetic strip, while the BalkanBank used smart cards.

Suggested Citation

  • Bojidar Bojinov, 2003. "Evolution and Present Status of Bulgarian Card Market," Finance 0310010, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpfi:0310010
    Note: Type of Document - PDF; prepared on Win2K; pages: 8
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/fin/papers/0310/0310010.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bojidar Bojinov, 2003. "The Bulgarian Banks' competitiveness: the case of Remote banking," Finance 0310012, University Library of Munich, Germany.

    More about this item

    Keywords

    payment cards; Bulgaria;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:wpa:wuwpfi:0310010. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.