Munich Personal RePEc Archive

Bulgarians Are On the Way to Modern Barter Exchange System (MBES). An Expert Survey

Toncheva, Rossitsa (2015): Bulgarians Are On the Way to Modern Barter Exchange System (MBES). An Expert Survey. Published in: MONETARY POLICIES IN THE BALKAN REGION. THE FUTURE OF THE EURO AND EUROZONE IN THE BALKANS. (17 January 2017): pp. 166-184.

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Abstract

This paper presents the results from an expert survey on the possibility of a modern barter exchange system (MBES) to be implemented in Bulgaria. MBES is an abstract theoretical construction which helps uncover the reasons why such schemes are successful in a number of countries with different social and cultural characteristics, while in Bulgaria this phenomenon is not popular. Sadly, the results show that there is no readiness for participation in MBES. It is seen mainly as a social structure but the expectations are that it would work as a business entity. The research has found that the idea behind MBES is inapplicable under certain conditions, such as those in Bulgaria with its typical characteristics of today. Even though the MBES models are usually successful in other countries, this is probably due to the fact that those are mostly socially mature (homogenous) societies in countries with a well-developed economic infrastructure.

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