Round Table Conference on Macroeconomics, Business Environment and Finance

Prof. Nikolay Nenovsky, prominent monetary policy researcher, member of the BNB Governing Council and Director of the UNWE Monetary Research Center, pointed out the features of the current monetary policy - monetary nationalism, floating exchange rates and devaluation, money printing, QE, etc., combined with capital control. It entails all forms of economic nationalism - protectionism, patriotism and so on. The role of the IMF, the World Bank and even the UN needs to be reconsidered. All these institutions have already exhausted themselves in political, economic and financial regard, they have neither money nor the previous power and reputation. Prof. Nenovski also discussed the issues of transition to a new type of post-pandemic economy, its characteristics and ways for financing.