Economic Archive

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  Too Big to Fail Doctrine and the Financial Safety Net

  The global financial crisis of 2007-2009 has revealed the negative effects of the TBTF doctrine and the need to take measures to limit government intervention in cases of insolvency of systemically important banks. In the EU, such measures were taken mostly in the supervision of systemically important banks, the capital requirements, the capacity ... The global financial crisis of 2007-2009 has revealed the negative effects of the TBTF doctrine and the need to take measures to limit government intervention in cases of insolvency of systemically important banks. In the EU, such measures were taken mostly in the supervision of systemically important banks, the capital requirements, the capacity of banks to absorb losses by using domestic resources, and deposit gurantee schemes. The study focuses on the development of a financial safety net. Priority is given to deposit guarantee schemes, which are an essential component of the financial safety net. The evolution of deposit guarantee schemes is studied and an analysis of its impact on the TBTF doctrine is made. The survey has shown that the development of deposit insurance has contradictory effects on the TBTF doctrine.

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  Human Capital Development – Economic Effects and Market Aspects

  Human capital is the foundation of modern knowledge for growth, employment and social development. In terms of modern polity, we observe spending of large public resources, providing for both formation of national human capital through the system of government-funded education and long-term preservation of its generated value through the system of ... Human capital is the foundation of modern knowledge for growth, employment and social development. In terms of modern polity, we observe spending of large public resources, providing for both formation of national human capital through the system of government-funded education and long-term preservation of its generated value through the system of health care and social assistance. Seen through the prism of social choice theory, economics and labour market, human capital development is logically defined as a task of paramount importance in any modern political doctrine of social development. The aim of the study is to systematize and critically examine the basic issues related to the process of human capital development in terms of economic growth and labour market

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  Financial Aspects of Implementation of Social Policy in the Republic of Bulgaria During the Period 2000-2015

  The article studies the state and development trends in the social policy of the Republic of Bulgaria during the period 2000-2015. The significance of this study has been determined by the fact that in accordance with the Consolidated Fiscal Programme, the costs made by the state in order to keep its social policy and compared to its GDP over the ... The article studies the state and development trends in the social policy of the Republic of Bulgaria during the period 2000-2015. The significance of this study has been determined by the fact that in accordance with the Consolidated Fiscal Programme, the costs made by the state in order to keep its social policy and compared to its GDP over the same period, have ranged between the considerable 14.35% and 18.39%. During the analysed period the state was striving for expanding the scope and opportunities for development of the social policy. Despite the changes in the economic conjuncture, the amount of funds that have been spent on social protection has been growing, which is an irrefutable evidence of the stable and sustainable social policy of the Republic of Bulgaria.