Flashes from the Past: The Origin and Development of Banking Supervision in Bulgaria

Abstract

The study aims to outline the specifics related with the emergence and development of banking supervision in Bulgaria. The analyzed time period is divided into three parts, which reflect development of the Bulgarian state. The first period focuses on the development of banking supercision in the newly created Third Bulgarian State (1883-1944) and reflects different aspects of its institutionalization. The second period (1944-1989) focuses on changes in the banking supervision after the nationalization of the banking sector and the imposition of centrally planned economy in Bulgaria. Analysis of the third period (after 1989) focuses on the problems of the banking system and bank supervision in transition to market relations.

Keywords: banks, bank supervision, Bulgarian national bank, history

JEL Classification: G21