... Karlis Smits (Economist), Olga Emelyanova (Research Analyst), and Victor Sulla (Economist), u... more ... Karlis Smits (Economist), Olga Emelyanova (Research Analyst), and Victor Sulla (Economist), under the direction of Zeljko Bogetic (Lead Economist and Country Sector Coordinator for economic policy for Russia and the general editor of the report). Lucio Vinhas da Souza ...
The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentrali... more The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentralization during the early transition (1990-95) from centrally planned to a market economy. The paper discusses salient features and reform issues in tax assignments, inter-governmental relations, expenditure assignments, sub-national borrowing, and transfers. Based on Bulgaria's experience, the paper draws implications for other countries in transition from socialism.
Understanding dollarisation and related debates requires an appreciation of what might be called ... more Understanding dollarisation and related debates requires an appreciation of what might be called the "calculus of dollarisation," i.e., a tally of real and perceived costs and benefits of full dollarisation (the adoption of the foreign currency such as the dollar as legal tender in a given country or territory). This paper provides such an analysis from the perspectives of both a dollarising country (the country adopting the dollar) and the "anchor" country providing the currency.
... Karlis Smits (Economist), Olga Emelyanova (Research Analyst), and Victor Sulla (Economist), u... more ... Karlis Smits (Economist), Olga Emelyanova (Research Analyst), and Victor Sulla (Economist), under the direction of Zeljko Bogetic (Lead Economist and Country Sector Coordinator for economic policy for Russia and the general editor of the report). Lucio Vinhas da Souza ...
The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentrali... more The paper reviews Bulgaria's inter-governmental finances and the process of fiscal decentralization during the early transition (1990-95) from centrally planned to a market economy. The paper discusses salient features and reform issues in tax assignments, inter-governmental relations, expenditure assignments, sub-national borrowing, and transfers. Based on Bulgaria's experience, the paper draws implications for other countries in transition from socialism.
Understanding dollarisation and related debates requires an appreciation of what might be called ... more Understanding dollarisation and related debates requires an appreciation of what might be called the "calculus of dollarisation," i.e., a tally of real and perceived costs and benefits of full dollarisation (the adoption of the foreign currency such as the dollar as legal tender in a given country or territory). This paper provides such an analysis from the perspectives of both a dollarising country (the country adopting the dollar) and the "anchor" country providing the currency.
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Papers by Zeljko Bogetic