This Selected Issues paper for Bulgaria highlights that the rapid credit expansion has not raised significant financial stability issues, but has been a key factor in the sharp weakening of the external current account. Although the deficit has been mostly financed by foreign direct investment (FDI)...
|a Bulgaria :
|b Selected Issues and Statistical Appendix.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (148 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
500
|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This Selected Issues paper for Bulgaria highlights that the rapid credit expansion has not raised significant financial stability issues, but has been a key factor in the sharp weakening of the external current account. Although the deficit has been mostly financed by foreign direct investment (FDI) inflows, deficits of this magnitude cannot be sustained as privatization inflows will dry up with the completion of the government's privatization program. Concurrent with the surge in bank credit, the external current account has weakened, reaching a deficit of 8 1\2 percent of GDP in 2003.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2004/177
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2004/177/002.2004.issue-177-en.xml
|z IMF e-Library