The Pomp Letter
The Pomp Letter
History Lesson From Banking Crisis of Bulgaria
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History Lesson From Banking Crisis of Bulgaria

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To investors,

I have been searching through historical records for previous banking crises that led to rapid devaluation of a national currency. The more we understand history, the more we can prepare to avoid the same mistakes.

An interesting time period to analyze is the 1990s in Bulgaria. The country was in the middle of a shift from a one-party commu…

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