central banks

The BNB's ambitious plan to save the banking system actually raised more questions than answers, and the end result was more confusion than relief. To top it all off, on July 14, the media reported the magic number of BGN 3.7 billion – the amount that would be needed to implement …

We have written on this blog many times about bubbles created in various sectors of the economy “thanks” to government intervention in one form or another. Most often through manipulation of interest rates and provision of monetary stimulus by the central bank or government intervention in the form of fiscal stimulus and certain legal …

Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis was over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country," President Plevneliev said decisively. They said ...

Iliya Lingorski* Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis is over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country." the president said decisively ...

Frank Hollenbeck The gap between rich and poor continues to widen. In 1975, the richest 1% of the population held 8% of the economic pie; now they own over 20%. This is a striking change from the 1950s and 1960s, when the richest owned just over 10%. Research by Emmanuel Saez has shown that between …

This year is shaping up to be a very interesting one for global financial markets, but unlike the previous five, which focused on developed economies and their debt problems, attention is now shifting to the East. It's not that the West has managed to overcome its problems and is now confidently...

Very soon, the NSI released the inflation data for 2013, which were interpreted on the same day on BNT in the following way: "We have recorded the lowest annual inflation in 23 years. According to the National Statistics Office, this is a deflation of 1.6 percent." [1] It turns out that the data is for December...