First published in 1997, this volume examines how Bulgaria has been an early starter, but a slow and often erratic mover in the path of stabilization and systemic transition.

Part 1. Introduction. 1. Early Transition in Bulgaria: Review and Evaluation. Derek C. Jones and Jeffrey B. Miller. 2. Economic Transformation and Regional Inequality in Bulgaria: in Search of a Meaningful Unit of Analysis. Michael L. Wyzan. Part 2. Macroeconomics. 3. Inflation in a Transition Economy: the Case of Bulgaria. Garabed Minassian. 4. Price Index Gap in Bulgaria. Jeffrey B. Miller. 5. Incomes Policies in Bulgaria. Tihomir Enev and Kenneth Koford. 6. Macroeconomic Effects of Restrictive Wage Policy in Bulgaria: Empirical Evidence for 1991-95. Vassil Tzanov and Daniel Vaughan-Whitehead. Part 3. Money and Capital Market. 7. A Role for an Independent Central Bank in Transition? The Case of Bulgaria. Lubomir Christov. 8. Collateral, Access to Credit, and Investment in Bulgaria. Zeljko Bogetic and Heywood Fleisig. Part 4. Trade. 9. The International Economy. John A. Bristow. Part 5. Privatization, Restructuring of State Firms and Small Firms. 10. Process of Privatization in Bulgaria. Hristo Pamouktchiev, Svilen Parvulov, and Stefan Petranov. 11. Nature and Role of Small Firms in Bulgaria. Will Bartlett and Rossitsa Rangelova. 12. Enterprise Adjustment During Early Transition. Derek C. Jones and Stoyko Nikolov. Part 6. Agricultural Reform. 13. Evolution of Agrarian Institutions in Bulgaria: Markets, Cooperatives, and Private Farming, 1991-94. Mieke Meurs and Darren Spreeuw. Part 7. Labor Markets. 14. Bulgarian Labor Market During Early Period of Transition. Christina Lenkova. 15. Fringe Benefits in Transition: Evidence from Bulgaria. Mark Klinedinst and Charles Rock.