Balance Sheet Items of the Bulgarian National Bank Under the Conditions of EU Membership

2018 ◽  
Author(s):  
Andrey Zahariev
Keyword(s):  
Balance Sheet ◽  
Eu Membership ◽  
National Bank

scholarly journals MONETARY DISCRETION BY FISCAL MEANS: THE CASE OF BULGARIA

2019 ◽  
Vol 7 ◽  
Author(s):  
Preslav Dimitrov ◽  
Ivan Todorov ◽  
Stoyan Tanchev ◽  
Petar Yurukov
Keyword(s):  
Interest Rates ◽  
Balance Sheet ◽  
Liquidity Effect ◽  
Currency Board ◽  
Automatic Adjustment ◽  
Adjustment Mechanism ◽  
Study Results ◽  
National Bank ◽  
The Impact ◽  
Reserve Ratio

The specific design of the Bulgarian currency board arrangement (CBA), which provides an opportunity for the Bulgarian government to conduct discretionary monetary policy by changes in the fiscal reserve, was analyzed. The impact of government deposit fluctuations on the dynamics of reserve money and interbank interest rates was investigated. The hypotheses of an automatic adjustment mechanism and a liquidity effect under the Bulgarian currency board arrangement were tested. The methodology employed was a vector autoregression, which included the following variables: MB – monetary base; BP – the balance of payments; GD – government deposit on the balance sheet of the Issue Department of the Bulgarian National Bank; MRR – minimum required reserve ratio of commercial banks. The target variable was MB. Monthly data for the period of January 1998 - December 2018 were used. The study results did not provide evidence of a statistically significant impact of changes in government deposit on reserve money and interbank interest rates. The hypotheses for the existence of an automatic adjustment mechanism and a liquidity effect did not find an empirical confirmation.

scholarly journals FINANCIAL MONITORING OF ECONOMIC AGENTS CLIENTS BASED ON THE VERIFICATION AND IDENTIFICATION INCOMING AND OUTGOING DOCUMENTS

2021 ◽  
Author(s):  
Olha Kuzmenko ◽  
Vitaliia Koibichuk ◽  
Roman Kocherezhchenko
Keyword(s):  
Block Diagram ◽  
Balance Sheet ◽  
Economic Agents ◽  
Leading Role ◽  
Employment Agreement ◽  
Income Statement ◽  
Identification Documents ◽  
National Bank ◽  
Financial Monitoring ◽  
Financial Transactions

For the successful conduct of certain financial transactions, economic agents determine the requirements for incoming and outgoing documents and develop appropriate templates for documents and messages. Identifying and verifying persons are effective tools that are given a leading role and help prevent the circulation of criminal funds through the financial and economic system, reveal the sources of illicit income, and identify the beneficiaries of such illegal funds. The article develops a block diagram of incoming and outgoing documents related to identifying and verifying persons subject to financial monitoring by economic agents and provides a detailed description of each stage of verification, requirements for documents, and content. Verification of incoming documents consists of three stages. At the 1st stage, identification documents are checked; at the 2nd stage – constituent documents (charter, founding agreement, model charter, decision on creation, changes to the constituent document, corporate agreement, description of documents, ownership structure, employment agreement (contract), regulations on governing bodies, decisions on election of officials, appointment order, card with sample signatures), at the 3rd stage financial documents (balance sheet, report on financial results, transcripts of balance sheet items, declarations, income statement, certificate on the absence of arrears of payments to the budget, certificate of cash flow from the servicing bank, account statement, certificate of indebtedness, patents, licenses, permits, certificates, certificates, credit agreements, guarantee agreements, letters of credit, loans, collateral, mortgages, guarantees, agreements with suppliers and buyers, lease agreements). The block diagram of the source documents for financial monitoring consists of four tuples, the key determinants of which are notifications to the Specially Authorized Body, notifications to the Security Service of Ukraine, information to the National Bank of Ukraine, letters to the client (servicing, from conducting financial transactions, to freezing the client's assets or to freezing assets on a financial transaction frozen by an economic agent).

scholarly journals Georgia

2020 ◽  
Vol 20 (223) ◽  
Author(s):  
Keyword(s):  
Public Sector ◽  
Local Governments ◽  
Central Government ◽  
Balance Sheet ◽  
The State ◽  
Net Worth ◽  
State Owned Enterprise ◽  
National Bank ◽  
The Government

Georgia’s public sector balance sheet (PSBS) is in relatively healthy shape, with assets exceeding liabilities, and is comparatively lean. Looking across all entities that the government controls, including the central government, local governments, the State-Owned Enterprise (SOE) sector and the National Bank of Georgia (NBG), total assets are worth 149 percent of GDP, made up of cash, loans, infrastructure, land and productive SOE assets. Liabilities are worth 81 percent of GDP, primarily comprising loans and debt of the government and SOEs. This leaves positive net worth of 68 percent of GDP, putting it in the top third of countries in the IMF’s database.

Bank networks and suspensions in the 1893 panic: evidence from the state banks and their correspondents in Kansas

2017 ◽  
Vol 24 (3) ◽  
pp. 265-282 ◽  
Author(s):  
Brandon Dupont
Keyword(s):  
Kansas City ◽  
Balance Sheet ◽  
The State ◽  
National Bank

Using individual balance sheet data from the state banks in one state that was deeply impacted by the 1893 crisis, this article presents evidence that correspondent networks played an important role in transmitting the crisis. In particular, the unexpected closure of a single large national bank in Kansas City considerably increased the probability of suspension among the state banks that were connected to it through the correspondent networks. This episode thus illustrates how contagion can spread through interbank networks and sheds new light on the nature of the 1893 crisis.

scholarly journals Comparative Analysis of the Banking Sector Competitiveness in Serbia and Montenegro

2021 ◽  
Vol 10 (1) ◽  
pp. 75-91
Author(s):  
Zoran Grubišić ◽  
Sandra Kamenković ◽  
Tijana Kaličanin
Keyword(s):  
Banking Sector ◽  
Graphical Representation ◽  
Balance Sheet ◽  
Serbia And Montenegro ◽  
Market Structures ◽  
Static And Dynamic Analysis ◽  
Market Shares ◽  
National Bank ◽  
The Lorenz Curve ◽  
Intensity Of Competition

Abstract Central banks often use certain concentration indices in their official reports to determine the degree of intensity of competition, of which the most common are the concentration ratio and the Herfindahl-Hirschman index. It is important to emphasize that when calculating the value of these indices, the National Bank of Serbia most often uses the absolute value of assets. In addition to the mentioned indices, the values of the Gini coefficient, Entropy coefficient, Rosenblatt index and graphical representation of the Lorenz curve in the period 2015–2019 are presented in this paper, using the balance sheet position loans and receivables from customers, but not including loans and receivables from banks and other financial organizations. The results of the static and dynamic analysis of concentration indicate that, compared to Montenegro, the banking sector of Serbia is characterized by a larger number of banks, less concentration on the market, and stronger intensity of competition. Although market changes are reflected in a reduced number of banks while a change in the dispersion of market shares affected the change in the market structures of the banking sectors, instability and uncertainty of the analysed sector remained unchanged in the case of both countries.

scholarly journals Republic of Moldova

2020 ◽  
Vol 20 (174) ◽  
Author(s):  
Keyword(s):  
Technical Assistance ◽  
Action Plan ◽  
Balance Sheet ◽  
National Commission ◽  
National Bureau ◽  
Republic Of Moldova ◽  
National Bank ◽  
The Republic ◽  
Financial Balance

As part of the IMF’s Data for Decisions (D4D) Trust Fund Project, a technical assistance (TA) mission was conducted by John Joisce and Dario Florey, IMF Experts, during September 23–October 4, 2019, to help the authorities of the Republic of Moldova in developing sectoral financial accounts and financial balance sheet statistics (FABS). The mission was the follow up to the mission held in December 2018, and evaluated the progress made since the last mission against the objectives set out in the action plan. The mission worked principally with the National Bank of Moldova (NBM), but also had meetings with officials from the Ministry of Finance (MOF), the Central Securities Depository (CSD), the National Commission for Financial Markets (NCFM) and the National Bureau of Statistics of the Republic of Moldova (NBS).

The Bank Panic of 1907: The Role of Trust Companies

1992 ◽  
Vol 52 (3) ◽  
pp. 611-630 ◽  
Author(s):  
Jon Moen ◽  
Ellis W. Tallman
Keyword(s):  
New York ◽  
New York City ◽  
York City ◽  
Financial Crises ◽  
Balance Sheet ◽  
The United States ◽  
The Great Depression ◽  
National Bank ◽  
Bank Panic

The Bank Panic of 1907 was one of the most severe financial crises in the United States before the Great Depression. Although contemporaries realized that the panic in New York City was centered at trust companies, subsequent research has relied heavily on national bank data. Balance sheet data for trust companies and state banks as well as call reports of national banks indicate that the contraction of loans and deposits in New York City during the panic was confined to the trust companies.

Swiss Roll (A)

2015 ◽  
pp. 1-30
Author(s):  
Jayanth R. Varma
Keyword(s):  
Foreign Currency ◽  
Global Financial Crisis ◽  
Balance Sheet ◽  
Quantitative Easing ◽  
Eurozone Crisis ◽  
Currency Exchange ◽  
Bank Deposits ◽  
National Bank ◽  
The Interest Rate ◽  
The Global Financial Crisis

In September, 2011, to prevent its currency from appreciating after the Global Financial Crisis, the Swiss National Bank (SNB) decided to peg its currency to EUR and announced that it would not let CHF go beyond 1/1.20 EUR. Maintaining the peg required the SNB to purchase foreign currency assets virtually endlessly in response to the worsening Eurozone crisis. By end of 2014, its foreign currency exchange reserves amounted to almost 80% of its GDP. In an attempt to deter capital flows and reduce its balance sheet size, in December, 2014, the SNB first bought the interest rate on commercial bank deposits to negative levels and then, facing impending quantitative easing by the European Central Bank, announced the removal of the peg on January 15, 2015. The case describes the backdrop and the circumstances leading up to removal of the peg.

scholarly journals Accounting methodical approaches of business entities in comparisson to bank accounting and to insurance company accounting in the Czech Republic

2010 ◽  
Vol 58 (6) ◽  
pp. 133-142
Author(s):  
Jana Gláserová
Keyword(s):  
Financial Institution ◽  
Balance Sheet ◽  
Financial Statement ◽  
Insurance Company ◽  
Balance Sheets ◽  
Special Operations ◽  
Methodical Approach ◽  
National Bank ◽  
Ministry Of Finance ◽  
Business Entities

Bank and insurance must follow the ACT on Accounting No.563/1991 in their financial statement preparation. Banks must use the special decree of Ministry of Finance for Banks and other financial institution due to their special operations and requirements Czech National Bank. The methodical approach to the valuation and recording of basic items balance sheet in banks and other financial institutions are compatible with IAS/IFRS. As well insurances must use special decree of Ministry of Finance for Insurances due to their special operations – cession of insurance. The paper is concerned with the basic items of balance sheet banks and insurances and its comparations with balance sheets of other business entities.

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