The Bulgarian Currency Crisis of 1996–1997

Ganev, Georgy

doi:10.1007/978-1-4615-0343-9_9

Cited by 2 publications

(2 citation statements)

References 6 publications

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“…This applies to Romania and Bulgaria, which opted for floating rates due to insufficient international reserves to provide credibility for a peg. 7) See Ganev (2003), IMF (1999), Horvath (2003), and Kharas et al (2001) for the description of crises in each country. Similar crisis dates are obtained by Brüggemann and Linne (2002), Jakubiak (2000), Pasternak (2003), and Siwińska (2000) with different crisis-identification criteria.…”

Section: Discussionmentioning

confidence: 99%

Determinants of Financial Crises in Russia and Other Transition Economies: An Empirical Test

Zinkovskaya

2008

JJCE

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Abstract： The goal of this study is to assess the relative contributions of different vulnerability factors to the crises in Russia and other European transition economies. The results of probit estimations and decomposition of simulated crisis probabilities suggest that external capital flows and financial sector weaknesses played a crucial part in undermining the stability of the currencies. The government finance problems and real appreciation, commonly thought to be the main causes of the crises, had a comparatively minor role in the financial turmoil in Russia and other transition economies. ［Keywords： financial crisis, currency crisis, exchange market pressure, probit］ [Article]

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Section: Discussionmentioning

confidence: 99%

Determinants of Financial Crises in Russia and Other Transition Economies: An Empirical Test

Zinkovskaya

2008

JJCE

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“…In the country were revealed numbers of jobs and workplaces and unemployment was comparative low -under 6% -2008 (Ganev, 2012). The negative impact of the economic crisis reflected in lower economic activity, lack of investments, weak consumption, etc.…”

Section: Bulgariamentioning

confidence: 99%

Employee Relations against Economic Crisis in the Countries of South-East Europe - The case of Bulgaria, Cyprus, Hellas and Romania

Nikova¹,

Aspridis²,

Kyriakou³

2014

JMPP

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In the era of globalization and economic crisis, an alarming issue has been raised in relation to employee relations both in the public and the private sector. The aim of this article is to depict changes in employee relations during the recession period in the countries of South-East Europe [members of EU], that have been severely struck by the crisis. Over the past few years, a gradual deregulation of employee relations and a reduction of employment percentage with aparallel increase of managerial rights have been noted. Gradually, typical employment and stable working models have been downgraded, the appearance of flexible ways of employment, the 'haircut' of employee rights and provisions, the downgrade of employees' role into decision making progress, the reduction of wages with parallel reduction of working time through collective agreements, the "borrowing" of employees inside and outside the mother company, the reorganization of technical services and the closure of shopping malls, all led to the creation of personnel surplus. At the same time, an effort to replace existing personnel with cheap personnel from subsidiary companies is being promoted. This research is based (i) on the study of written evidence, (ii) in the usage of the historical method, in order for the evolution of the phenomenon to be conceived and (iii) on the comparison method, for the troop with the administration of other countries, experiencing the same problems, to be clarified. Conclusions are significantly important and whatever their utilization will contribute essentially to the understanding of the concept flexicurity and the improvement of employee relations, in the globalization frame.

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The Bulgarian Currency Crisis of 1996–1997

Cited by 2 publications

References 6 publications

Determinants of Financial Crises in Russia and Other Transition Economies: An Empirical Test

Determinants of Financial Crises in Russia and Other Transition Economies: An Empirical Test

Employee Relations against Economic Crisis in the Countries of South-East Europe - The case of Bulgaria, Cyprus, Hellas and Romania

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