Since 2014 the Bulgarian National Bank marks its anniversaries by organising high-level conferences as the main commemorative event. In 2019 the Bulgarian National Bank celebrated its 140th anniversary and organised a conference on "The current global and European financial cycle: where do we stand and how do we move forward?". This volume contains the conference proceedings. Attended by central bankers, academics and policy representatives from across the world, the event was held in Sofia on 8 July 2019.