Economic Archive

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  Bank Insolvency – Regulatory Challenges and Empirical Evidence

  Nowadays bank insolvency is a specific field in bank capital management, which requires constant development of the existing regulations and application of new methods and tools for its prevention and early detection. The paper presents a study on bank insolvency in terms of regulato¬ry challenges and empirical evidence for initiation of ... Nowadays bank insolvency is a specific field in bank capital management, which requires constant development of the existing regulations and application of new methods and tools for its prevention and early detection. The paper presents a study on bank insolvency in terms of regulato¬ry challenges and empirical evidence for initiation of bankruptcy proceedings against credit institutions. The research thesis is that bank insolvency is a crisis phenomenon in banking practice whose theoretical modelling, regulatory management and empirical investigation require constant improvement of the regulatory framework and supervisory bodies of the central banking institution. The aim of the study was to perform a critical analysis of the evolution of the regulatory framework related to bank insolvency management using empirical evidence from the banking practice in Bulgaria.

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  Comparative Advantages and Competitiveness of Bulgarian Exports

  The research analyses the comparative advantages and competitiveness of Bulgarian production and exports. The paper consists of two parts. Part one reviews some theoretical concepts about the nature of comparative advantages and interprets the indexes designed by B. Balassa and M. Amir. Part two provides computations of B. Balassa and M. Amir ... The research analyses the comparative advantages and competitiveness of Bulgarian production and exports. The paper consists of two parts. Part one reviews some theoretical concepts about the nature of comparative advantages and interprets the indexes designed by B. Balassa and M. Amir. Part two provides computations of B. Balassa and M. Amir indexes and analyses obtained results to identify the comparative advantages and disadvantages of Bulgarian production and exports for certain commodities and commodity groups in the period from 2012 to 2016. Based on the findings of the analysis, we identify and summarise available opportunities for expanding or limiting the exports of certain commodity groups and raising the competitiveness of Bulgarian economy. The research employs mathematical and statistical methods, mainly the index method, in addition to the methods of analysis and synthesis.

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  Unemployment Benefits in Bulgaria and Their Potential for Prevention of Poverty

  Prevention of poverty and social exclusion is a process directly related to public incentives for vulnerable groups aiming to achieve a decent and independent life. Labour income is one of the main prerequisites for overcoming the problem. However, a large number of the working population is economically inactive and do not even look for forms of ... Prevention of poverty and social exclusion is a process directly related to public incentives for vulnerable groups aiming to achieve a decent and independent life. Labour income is one of the main prerequisites for overcoming the problem. However, a large number of the working population is economically inactive and do not even look for forms of employment. Low education levels, the lack of working habits and the limited demand for skilled labour are objective factors for this. The characteristics of the tax and social security system as well as the state policy with regard to income and the labour market towards vulnerable groups also affect the desire to work and employment opportunities.