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The Gathering Storm over Bulgaria?

Kovács, O. (2009): Bulgaria – The Gathering Storm? News of the Month, ICEG European Center, October 2009 pp. 13-16. According to the classical empirical results, huge current account deficits are an explicit sign of an imminent currency crisis. The Bulgarian substantial current account deficit is well documented, therefore it is a puzzling question why the currency crisis did not take a place until nowadays. The aim
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