Accounting Assignmnet代写:保加利亚

1996年保加利亚的崩溃的经济基础通过其工业基础的失败有更深层次的含义是由不稳定的列弗,高通胀和银行系统的彻底失败。[9]的第一个动作由新政府是盯住列弗强劲的德国马克在平等的基础上(lev等于一个标记),根据规定,政府保持“…硬通货储备…”[10]这将覆盖所有列弗在流通和商业银行。前面的还包括限制新借款银行,这些措施有助于减少通货膨胀率从484.2%在1997年的第一部分到同年7月的3.7%。

这一轮的改革也消除了较弱的金融机构(银行)方程从而巩固市场,增加的程度的影响有信心在这个行业,以及有助于减少公司以及政府的债务。提供的第一步发展建立一个稳健的财政基础。银行私有化国有和产业运行,这有助于增加外国投资导致的气候需要硬通货的流入。产生的现金注入出售国有企业是一个帮助筹集资金资助经济转变和新保加利亚证券交易所扮演主要角色在帮助该国金融业增长和扩张。

 

Accounting Assignmnet代写:保加利亚

 

The underpinnings of the 1996 collapse of the Bulgarian economy through the failure of its industrial base had deeper implications which were created by the instability of the lev, high inflation and the near complete failure of the banking system.[9] One of the first moves made by the new government was to peg the lev to the strong German mark on a parity basis (one lev equaled one mark), under the provision that the government maintain “… hard currency reserves…”[10] which would cover all levs that were in circulation and in commercial banks. The preceding also included a restriction on mew borrowing by the banks and these measures helped to reduce inflation from 484.2% during the first part of 1997 to 3.7% by July of that same year.

These round of reforms also served to eliminate the weaker financial institutions (banks) from the equation thus consolidating the market which had the effect of increasing the degree of confidence in this sector, as well as helping to reduce the debt of companies as well as the government. The developments provided the first step in establishing a sound fiscal under footing. Banks were privatized along with state owned and run industries and this helped to set the climate for increased foreign investment which resulted in a needed influx of hard currency. The cash infusion generated by the sale of state owned enterprises was an aid in raising capital to help fund the economic turnaround and the new Bulgarian stock exchange is playing a major role in helping the country finance industry growth and expansion.