IMF Staff Country Reports

Bulgaria: Selected Issues

December 19, 2007

Download PDF

Preview Citation

Format: Chicago

Bulgaria: Selected Issues, (USA: International Monetary Fund, 2007) accessed September 20, 2024

Summary

This Selected Issues paper on Bulgaria investigates possible driving forces behind the investment boom based on cross-country evidence. The diagnosis of the drivers behind the investment boom is important as it is key to assessing Bulgaria’s economic prospects, vulnerabilities, and policy challenges. The available evidence is less than clear-cut, but broadly suggests that the investment boom reflects to a large extent a one-off reassessment of Bulgaria’s riskiness as an investment location. The paper also investigates why Bulgaria’s GDP growth rate did not respond more strongly to the investment boom.

Subject: Bank credit, Banking, Financial institutions, Financial markets, Fiscal policy, Fiscal stance, Loans, Money, Output gap, Production, Stock markets

Keywords: Absorption gap, Baltics, Bank credit, Bulgaria, Central Asia, CR, Eastern Europe, Europe, Fiscal stance, GDP growth, GDP ratio, Investment, Investment boom, Investment goods, ISCR, Loans, Output gap, Output gap change, Revenue-GDP ratio, Stock markets

Publication Details

  • Pages:

    71

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/390

  • Stock No:

    1BGREA2007003

  • ISBN:

    9781451804584

  • ISSN:

    1934-7685