Vol. 22 (Winter) Issue 1, pp.103-119

Implementation of modern barter exchange system in Bulgaria: From an objective necessity to an objective performance

Rositsa Toncheva

University of National and World Economy, Bulgaria, Email: r@toncheva.com, http://www.toncheva.com

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 shown as 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. The survey is framed by the logic of the questionaries’ boundaries and the interviewed actors.

Keywords

Bulgaria, Monetary Theory, Exchange, Barter System, Barter Money

Article Toncheva

 

To cite this article: Rositsa Toncheva (2018) ‘Implementation of a Modern Barter Exchange System in Bulgaria: from an objective necessity to an objective performance’ International Journal of Community Currency Research 2018 Volume 22 (Winter) 103-119 <www.ijccr.net>ISSN 1325-9547. DOI: http://dx.doi.org/10.15133/j.ijccr.2018.009

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