Damyana Bakardzhieva

Professor of Economics and Corporate Finance

Academic Background

Associate Professor, International University of Monaco, (2003 – 2006 and 2010 – today)

University Lecturer, University of Maryland, College Park, MD (01/2008-07/2010)

Adjunct Professor, Gorge Washington University, Washington, D.C. (06/2006-07/2010)

Adjunct Professor, American University, Washington, D.C. (09/2006 – 05/2008)

Teaching Assistant, University of Nice-Sophia Antipolis, Nice, France (09/2002-12/2005)

Teaching Assistant, Sofia University, Bulgaria (09/2000-07/2001)

PhD in International Economics (Summa Cum Laude), University of Nice-Sophia Antipolis (France) and Sofia University (Bulgaria) – dual degree, 2005

Corporate Experience

CSR Advisor, International University of Monaco, (2015 – today)

Journalist, International Economic News Department, Bulgarian News Agency, Sofia, Bulgaria (11/1998–11/2002)

Co-editor in Chief, “World Economy and Trade” Weekly Digest, Sofia, Bulgaria (11/1998–11/2002)

Damyana Bakardzhieva

Area: Economics and Finance

Contact: dbakardzhieva@monaco.edu

Intellectual Contributions


– Beyond the Optimistic Curse: A New Multi-Scenario Approach to Debt Sustainability Assessment.

– Emerging Markets Finance and Trade, Forthcoming.

– Disaggregated Capital Inflows and Developing Countries’ Competitiveness.

– World Development, 2012, Vol. 40, Issue 2, Pages 223-237.

– The impact of Capital and Foreign Exchange Flows on the Competitiveness of Developing Countries.

– IMF Working Paper No. 10/154, 2010, Washington DC: International Monetary Fund.

– FDI Attractivity and Deep Regional Cooperation: Comparison between Egypt and the CEE countries.

– Comercio Exterior, 2006, Vol. 56, n°5, pp. 416-427.

– Economic Trilemma and Exchange Rate Management in Egypt.

– Review of Middle East Economics and Finance, 2006, Vol. 3, issue 2, pp. 91-114.

– Trends of Foreign Direct Investment in the Financial Sector of Selected Transition Countries.

– Banks, Investments, Money Journal, n°1/2001.


– The Impact of the Global Crisis and Arab Spring on Economic Performance and Debt Sustainability in the MENA region: The cases of Egypt and Tunisia. FEMISE project report FEM34-24. 2013.

– High Growth Potential Small and Medium Enterprises in South Mediterranean: Identifying Bottleneck Obstacles and Potential Policy Responses. FEMISE project report FEM 35-10. 2013.

– Inclusive Growth and Job Creation in Egypt, Morocco and Tunisia. Co-editor and Team Leader. FEMISE project report FEM35-12. 2013.

– Système bancaire et croissance économique dans les pays en transition.

– Editions Universitaires Européennes, ISBN: 978-6131517174. 2010.

– Economic and Social Impact of the International Financial Crisis on the Mediterranean Partners Countries.

– In Galal and Reiffers (Eds), Crise et voies de sortie de crise dans les pays méditerranéens. European Investment Bank, ISBN 978-92-861-1295-9. 2010.

– Monetary Union among the GCC Countries & the Appropriate Exchange Rate Policy and Monetary Policy Coordination. Global Development Network Research Competition Project Report. 2008.

– The Potential Impact of the Euro-Med Partnership on Banking Sector Reforms in Egypt – Lessons from CEE Countries.

– In El Ehwany, Naglaa and Jean-Yves Moisseron (eds), 2005, The Euro-Mediterranean Partnership: Ten Years After Barcelona, ISBN 977-403-058-3, pp. 307-332. 2005.


– Essay on Establishing Conversion Values for the Planned Gulf Cooperation Council (GCC) Currency Union. Paper presented at the 17th ERF annual conference, Antalya, Turkey, March 2011.  Paper published as ERF Working Paper 632.

– The Appropriate Monetary Policy Coordination for the GCC Monetary Union. Paper presented at the Twenty-sixth Annual Meeting of the Middle East Economic Association (MEEA), ASSA, Boston, Massachusetts, January 6-8, 2006. Paper published in Topics in Middle Eastern and North African Economies, volume VIII, 2006.

– Banking Sector Reforms and Economic Growth in Egypt: Lessons From The CEE Countries. Paper presented at the “Eighth Euro-Mediterranean Meeting”, Tunis III University, December 8, 2004, Tunisia.  Published as CEMAFI WP # 2004/36.

– Banking Sector Development and Economic Growth in The Czech Republic: A Cointegrated VAR Model. Paper presented at the Fifth International Conference on “National and Regional Economics”, Technical University of Kosice, October 6-8, 2004, Herlany, Slovak Republic. CEMAFI WP # 2004/29. Paper published in Conference Proceedings – ISBN 80-8073-223-X, pp. 287-298.

– Deep Regional Cooperation as a Tool for Attracting FDI: Comparison between CEE and MENA Countries.  Paper presented at the Fifth International Conference on “National and Regional Economics”, Technical University of Kosice, October 6-8, 2004, Herlany, Slovak Republic. CEMAFI WP # 2004/30. Paper published in Conference Proceedings – ISBN 80-8073-223-X, pp. 299-310.

– The Reforms Needed to Attract More Foreign Direct Investment in Egypt: Lessons from the CEEC Experience”  Background Paper for the 9th Annual Conference of the ERF, 26-28 October 2002, Sharjah, UAE. Paper published as ERF Working Paper #200240.

– European Investments in the Banking Sectors of Transition Countries – Poland, the Czech Republic and Bulgaria.       Black Sea – Mediterranean Workshop Proceedings, Nice, France, 2000.



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