Nikolay Nenovsky
Nikolay Nenovsky is a Bulgarian economist, working in the fields of monetary theory and policy, monetary history and history of economic thought. He is Professor of economics at the University of Picardie Jules Verne, CRIISEA, Amiens, France from 2012.
Education and academic career
Nikolay Nenovsky graduated from the Moscow State University, Russia, received his Ph.D in economics from the Bulgarian Academy of Sciences. On completing his PhD he lectured at the University of National and World Economy, Sofia where, later, he became a Professor of Economics and taught Monetary theory and International Finance. He is also affiliated to Laboratoire d'économie d'Orléans, since 2002 and to International Center for Economic Research , Torino, since 2006.Professor Nenovsky is affiliated with French academic and teaching community since 1991. Over the years he has held visiting positions at the several institutions including: University of Auvergne, University of Clermont-Ferrand University of Aix-Marseille, University of PARIS I – SORBONNE and University of Bordeaux IV. He has been Visiting Professor also at University of Kyoto and gave lectures and seminars at University of Kyushu, University of Nagasaki, International University of Kagoshima and University of Hitotsubashi/Nihon University researcher at the University of Orleans, 2010–2012, where he organized conference on economic and geostrategic issues of Balkan economies, and in December 2011 - on bank regulation and systemic risk. He also lectured Theory and History of financial crisis at EDHEC Business School, Nice.
He is Member of Editorial Board of: Revue d'économie politique, East-West Journal of Economics and Business, The Journal of Comparative Economic Studies, Panoeconomicus, Economic Studies , Bulgarian Academy of Sciences. Since 2011 Professor Nikolay Nenovsky is a member of UK based Cobden Partners.
Nikolay Nenovsky is founder and Vice-president of Bulgarian Macroeconomic Association, and founder of Bulgarian Hayek Society and BHS monthly seminar
Nikolay Nenovsky is a participant in The State in the Balkans: Public Service Institutions, their Role and Development which is joint Balkan Futures workshop, of the British School at Athens, the British Institute at Ankara, and the École française d'Athènes, March 6–7, 2014.
Central Bank and policy career
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 and policy, econometric methods and modeling. He was made head of the research department in 1997. Nenovsky served as a Member of the Governing Council at the Bulgarian National Bank from 2002 to 2008. He was a Member of Economic Advisory Council of the President of Bulgaria, 2002–2008. Nikolay Nenovsky was also Adviser of the Minister of Finance of Bulgaria.Currently he is a member of Bulgarian Development Bank Supervisory Board.Major publications
Publications and research works
Refereed articles
- Nenovsky N., Tochkov, K. and K. Tochkov., Post-Communist Economies, 24 : 515–532.
- Nenovsky, N.. , European Journal of the History of Economic Thought
- Nenovsky N., J. Milev. Capital Pension Schemes in Bulgaria, Hungary and Slovakia and the Impact of the Ongoing Financial Crisis on them, East-West Journal of Economics and Business, 15 : 71–88.
- Nenovsky N., P. Villieu. Post-Communist Economies, Vol. 23, Issue 4, ppp. 433–447.
- Nenovsky N.. Criticisms of Classical Political Economy. Menger, Austrian Economics and the German Historical School, The European Journal of History of Economic Thought, 18 : 290–293.
- Nenovsky N., P. Chobanov and A. Lahiani. Investigation of Systemic Risk in the New EU States, Economics Bulletin, 31 : 1041–1412.
- Nenovsky N., D. Ialnazov. A Game Theory Interpretation of the Post-communist Evolution, Journal of Economic Issue, XLV : 41–55.
- Nenovsky N., K. Toshkov Reforms, EU accession, and Bank Efficiency in Transition economies: Evidence from Bulgaria, Emerging Markets Finance & Trade, XLVII : 113–129.
- Nenovsky N.. , The History of Economic Thought, 52 : 1–26.
- Nenovsky N. The Birth of Modern Economic Science. Reading Gilles Campagnolo’s Book, Journal des Economistes et des Etudes Humaines, 16 : 5.
- Nenovsky N.. Debates over the Crisis: A Special Focus on Bulgaria, The Journal of Comparative Economic Studies, : 19–24, 2
- Nenovsky N.. .The Kyoto Economic Review Vol. 78, No.1 pp. 53–77 ]
- Nenovsky N., P.Chobanov, G. Mihaylova, and D. Koleva. How the Bank Efficiency Changes: the Case of Bulgaria, Megatrend Review, 5, : 5–16.
- Nenovsky N., JB Desquilbert). Confiance et ajustement dans les régimes de caisse d’émission, Monde en développement, 2 : 77–95.
- Nenovsky N., M. Berleman. Lending of First versus Lending of Last Resort: The Bulgarian Financial Crisis of 1996/1997, Comparative Economic Studies, 46 : 245–271.
- Nenovsky N., Y. Rizopoulos. Peut-on mesurer le changement institutionnel du régime monétaire?, Revue d’économie financière, : 17 –36.
- Nenovsky N.. Improving Monetary Theory in Post –communist Countries – Looking back to Cantillon, Ecowest, III : 549–566.
- Nenovsky N. Assurance des dépôts bancaires durant l’accession à l’UE, Revue d’économie financière, : 123–140.
- Nenovsky N., E. Peev and T. Yalamov. Banks-Firms Nexus under the Currency Board: Empirical Evidence from Bulgaria, Revue d'études comparatives Est-Ouest, 34 : 53–81.
- Nenovsky N., Y. Rizopoulos. Extreme Monetary Regime Change. Evidence from Currency Board Introduction in Bulgaria, Journal of Economic Issues, 37 : 909–941.
- Nenovsky N., K. Hristov. New Currency Boards and Discretion. The Empirical Evidence from Bulgaria, Economic Systems, XXVI : 55–72.
- Nenovsky N., K. Hristov and M. Mihaylov. Comparing Institutional and Organizational Design of Currency Boards in Transition Countries, Eastern European Economics, : 3–36.
- Nenovsky N., D. Ialnazov). The Currency Board and Bulgaria’s Accession to the European Monetary Union, The Kyoto University Economic Review, LXX: 1/2 : 31–48.
- Nenovsky N., K. Hristov and M. Mihaylov. Comparing Currency Board Automatic Mechanism in Bulgaria, Estonia and Lithuania, Journal des Economistes et des Etudes Humaines, 11 : 575–616.
- Nenovsky N.. Une économie en transition a-t-elle vraiment besoin d’une banque centrale?, Revue d'études comparatives Est-Ouest, : 65–96.
Books
- Monetary order. Critics of monetary theory, Siela Edition, 2007, Sofia.
- Exchange rate Inflation: France and Bulgaria in the interwar period. The contribution of Albert Aftalion, Edition of Bulgarian National Bank, 2005,
- From Lev to Euro: Which is the Best Way? Scenarios for Bulgaria integration to EMU,, Siela Edition, 2001, Sofia.
- Free Money, Edition of Bulgarian Academy of Sciences, Academic Publishing House “Marin Drinov”, 2001, Sofia.
- The Demand for Money in Transitional economies, 1998, Sofia, Edition of Bulgarian Academy of Sciences, Academic Publishing House “Marin Drinov”.
Chapters in books
- Deposit Insurance around the World. Issues of Design and Implementation, MIT Press, Cambridge, Edited by Aslı Demirgüç-Kunt, Edward J. Kane and Luc Laeven, 2008
- Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe, in: Melting the Boundaries: Institutional Transformation in the Wider Europe, pp. 129–152, Yagi, K. and S. Mizobata, Eds, Kyoto University Press, 2008
- Exchange rate control in Italy and Bulgaria in the interwar period. History and Perspectives,, in: The Experience of Exchange Rate Regimes in South-Eastern Europe in a historical and comparative perspective, Oesterreichische Nationalbank, 2007
- Le Currency board comme institution: une comparaison des expériences bulgare, estonienne et lithuanienne, , in: Nouvelles Europes. Trajectoires et enjeux économiques, Koleva, P., N. Ridet-Kroichvilli, J. Vercueil, Eds., UTBM, France, pp. 109–138.
- Money market liquidity under currency board-empirical investigations for Bulgaria, 2005, chapter 6, in Financial institutions and development, E. Klein Edition, New York
- Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria,, Springer–Verlag, 2004, pp. 237–257.
- The efficiency of banking system in CEE: inequality and convergence to the EU,, in: Financial markets in CEE, Stability and efficiency perspectives,, Routledge, London, 2004, pp. 225–251.
- , in: Banking Reforms in South-East Europe, Željko Šević, Edward Elgar Publishing, 2002, London, pp. 219–240.
Working papers
- Nenovsky N.. Monetary Regimes and EU Accession: Comparing Bulgaria and Romania, LEO Document de Recherche No. 15, 2011
- Nenovsky N.. From Prosperity to Depression: Bulgaria and Romania, William Davidson Institute Working Papers No. 1018, 2011
- Nenovsky N.. «Bulgarian Economists during The Great Depression» Laboratoire d'Economie d'Orléans, Document de Recherche, n° 2010–27
- Nenovsky N..«Capital Pension Schemes in Bulgaria, Hungary and Slovakia and the Impact of the Ongoing Financial Crisis on them» Laboratoire d'Economie d'Orléans, Document de Recherche, No 2010–26
- Nenovsky N. Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States, LEO Document de Recherche No. 24, 2010; William Davidson Institute Working Papers No. 1002, 2010
- Nenovsky N., D.Ialnazov.. Laboratoire d'Economie d'Orléans, Document de Recherche, No 2010–10
- Nenovsky N... International Center for Economic Research Working Paper, No 2
- Nenovsky N. Views form the Periphery: Bulgarian Economist during the Great Depression, LEO Document de Recherche No 20, 2010 Efficiency of Commercial Banks in Bulgaria in the Wake of EU Accession, Texas Christian University Department of Economics Working Papers No. 2, 2010
- Nenovsky N. The Bulgarian Economic Thought Since 1989: A Personal Perspective, ICER Discussions Papers No 21, 2010; and LEO Document de Recherche No. 20, 2010
- Nenovsky N. EU Enlargement and Monetary Regimes from the Insurance Model Perspectives, William Davidson Institute Working Papers No. 997, 2010
- Nenovsky N. The Evolution of Post-communists Countries: an Interpretation form the Perspectives if Cooperation, ICER Discussions Papers No. 3, 2010; also as LEO Document de Recherche No. 10, 2010
- Nenovsky N. Efficiency of Commercial Banks in Bulgaria in the Wake of EU Accession, Bulgarian National Bank Discussions Papers No. 75, 2009; ICER Discussions Papers No. 21, 2009
- Nenovsky N. Monetary Regimes in Post-Communist Countries: Some Long-Term Reflections, Agency for Economic Analysis and Forecasting WP No. 2, 2009
- Nenovsky N. The Evolution of Bulgarian Banks Efficiency during the twenties a DEA approach, Bank of Greece Working Papers, No 82, 2008.
- Nenovsky N. Efficiency of the Bulgarian banking System: Traditional Approach and DEA, Agency for Economic Analysis and Forecasting WP, No 1, 2008
- Nenovsky N. Deposit over-insurance in EU accession countries – a moral hazard boomerang to the Euro Area?, “Paolo Baffi” Centre on Central Banking and Financial regulation, Research Paper Series No. 2008–20
- Nenovsky N. Exchange Rate Control in Bulgaria in Interwar Period: History and Theoretical Reflections, Bulgarian National Bank, Discussions Papers No. 67, 2007
- Nenovsky N. Dynamics of the financial wealth of the institutional sectors in Bulgaria: Empirical studies of the post-communist period, William Davidson Institute Working Paper, N 864, 2007
- Nenovsky N. Exchange rate control in Italy and Bulgaria in the interwar period. History and Perspectives, International Center of Economic Research Working Paper, N 40 2007
- Nenovsky N. Exchange Rate and Inflation: France and Bulgaria in the interwar period, International Center of Economic Research Working Paper, 2006
- Nenovsky N. Monetary Convergence on the Road to EMU: Conceptual Issues for Eastern Europe, International Center of Economic Research Working Paper, N 33, 2006
- Nenovsky N. Lenin and the currency competition. Reflections on the NEP experience, International Center of Economic Research Working Paper, N 22 2006
- Nenovsky N. Convergence and Shocks in the road to EU: Empirical investigations for Bulgaria and Romania, William Davidson Institute Working Paper, N 810 2006
- Nenovsky N. Measuring the Institutional Change of the Monetary Regime in a Political Economy Perspective, William Davidson Institute, Working Paper No. 732, 2004
PhD students
Peter Chobanov, Chairman of the Financial Supervision Commission, Gerguana Mihaylova, Deputy President of National Statistical Institute, Darina Koleva, Financial Supervision Commission – Head of the Office of the Chairman, Desislava Tocheva, Professor of Finance and Accounting, IFAG, Sofia, and Katerina Vojcheska, Research Fellow III degree, Bulgarian Academy of Science,