Nikolay Nenovsky

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Nikolay Nenovsky (born 26 July 1963) is a Bulgarian economist. He graduated from the Moscow State University “M. Lomonosov”, Russia(M.A in 1989), received his Ph.D in economics from the Bulgarian Academy of Science (1995). Since 1997 he taught monetary theory and International economics at the University of National and World Economy, Sofia. Nikolay Nenovsky is affiliated to Laboratoire d’économie d’Orléans (LEO), since 2002 and to International Center for Economic Research (ICER), Torino, since 2006. In 1996 he joined the Bulgarian National Bank Research Department, where he engaged over the years in empirical and theoretical research, focusing on the monetary theory ans policy, and econometric methods and modeling. He was made head of the research department in 1997. In 2002 he was appointed Member of the Governing Council at the Bulgarian National Bank. Nikolay Nenovsky is founder and Vice-president of Bulgarian Macroeconomic Association (2003 - 2005), and founder of Bulgarian Hayek Society (2002) and BHS monthly seminar (since 2004).

Nikolay Nenovsky

[edit] Major publications

Books (1998 – 2006)

•Exchange rate Inflation: France and Bulgaria in the interwar period. The contribution of Albert Aftalion (1874-1956), Edition of Bulgarian National Bank, 70 pages, (in English, French and Bulgarian)

•From Lev to Euro: Which is the Best Way? Scenarios for Bulgaria integration to EMU, (with K. Hristov, B. Petrov), Siela Edition (Soft and Publishing), 2001, Sofia, 170 pages.

•Free Money (the questions of economic theory), Edition of Bulgarian Academy of Sciences, Academic Publishing House “Marin Drinov”, 2001, Sofia, 220 pages.

•The Demand for Money in Transitional economies, 1998, 270 pages, Sofia, Edition of Bulgarian Academy of Sciences, Academic Publishing House “Marin Drinov”.

•Monetary order.Critics of monetary theory, Siela Edition (Soft and Publishing), 2007, Sofia, 254 pages.

Chapters in Books (1998 -2006)

•Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe, (2007), in: Melting the Boundaries: Institutional Transformation in the Wider Europe, Yagi, K. and S. Mizobata, •Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria, (with Berlemann, M.), in: Sovereign risk and financial crisis, Frenkel, M., Karmann, A., Scholtens, B., Eds), Spinger - Verlag, 2004, pp. 237 – 257. •The efficiency of banking system in CEE: inequality and convergence to the EU, (with Tomova, M. and Naneva, T.), in: Financial markets in CEE, Stability and efficiency perspectives, (Balling, M., Lierman, F., and Mullineux, A., eds), Routledge, London, 2004, pp. 225 – 251.Eds, Kyoto University Press, 2007

Papers

•Exchange Rate and Inflation: France and Bulgaria in the interwar period, (with K. Dimitrova), International Center of Economic Research Working Paper, 2006, N

•Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe, International Center of Economic Research Working Paper, 2006, N

•Lenin and the currency competition. Reflections on the NEP experience (1922-1924), International Center of Economic Research Working Paper, 2006, N 22

•Convergence and Shocks in the road to EU: Empirical investigations for Bulgaria and Romania, (with JM Figuet), William Davidson Institute Working Paper, 2006, N 810. •Confiance et ajustement dans les régimes de caisse d’émission (with JB Desquilbert), Monde en développement, 2005, vol. 2, N 130, pp. 77-95. •Professor Simeon Demostenov (1886-1968) – the Bulgarian Austrian, Texts selected and edited by Nenovsky, N., 2004. •Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective (with Y. Rizopoulos), Paper for EACES conference in Belgrade, 23-25 October 2004, William Davidson Institute Working Paper, 2004, N 732. •Lending of First versus Lending of Last Resort: The Bulgarian Financial Crisis of 1996/1997 (with M. Berlemann), Comparative Economic Studies, 2004, vol. 46, n. 2, pp. 245-271. •Credibility and adjustment: gold standards and currency boards compared (with JB Desquilbert), William Davidson Institute Working Paper, 2004, N 692, University of Michigan; BNB Discussion papers, N 39; Document de Recherche, 2004/22, Laboratoire d’économie d’Orléans •The Bulgarian National Bank, the fiscal reserve and the money multiplier, (with JB Desquilbert), mimeo, (www.nenovsky.com) •Reflections on the evolution of institutions in post-communist countries, (with P. Garello), mimeo, www.nenovsky.com