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Gold as Investment in the period 2000-2009
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One more reason why consumption decreased in 2009
Contribution to the decreasing consumption is made, however, by another, often overlooked reason – the so called wealth effect – the effect that the change in wealth has on consumption. Whereas financial wealth increased in 2009, although slowly, the value of housing, owned by households, declined substantially, this put pressur... -
Interest rates and the credit expansion
In the banking system there is an ongoing process of substituting the limited access to external financing with domestic lending resource, which reasonably led to increasing costs of financial institutions to attract funds from residents. From time to time there are new suggestions for government intervention on the loanable fun... -
The housing price decline from a global perspective
While such a comparison might provide useful information about the current state of housing markets around the world, it might also force misleading conclusions regarding future residential market developments. The real estate market in general is heavily dependent on macroeconomic fundamentals. Bulgaria is still lagging behind ... -
Personal Assets in Bulgaria in Q3 2009
The growth potential of personal wealth is constrained by the stagnation on the labor market, visible through declining incomes and increasing unemployment, which will probably continue to pick up in 2010 as well. Nevertheless, there are existing factors, which stimulate the growth of wealth. In times of crisis households save, ... -
Euro Inflation in 2009
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Selected Macro Data - weekly update
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Selected Macro Data - weekly update
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