Risks of Foreign Financial Disbalances on Bulgarian Economy in the Conditions of Global Economic Crisis Cover Image

Рискът от външните финансови дебаланси в българската икономика в условията на глобалната икономическа криза
Risks of Foreign Financial Disbalances on Bulgarian Economy in the Conditions of Global Economic Crisis

Author(s): Roumen Georgiev
Subject(s): Economy
Published by: Софийски университет »Св. Климент Охридски«
Keywords: recession; trade disbalance; current account disbalance; capital account; foreign debt; country risk; information asymmetry; moral hazard; labour; throughput; public decisions; public services

Summary/Abstract: A systematic approach is applied to the study of foreign financial disbalances and internal rentability of the economy of the country. The analyze is effected on the basis of officially published data of NSI and BNB, different research centers and branch organizations in Bulgaria as well as of well known authors and sources from abroad. The economic situation is analyzed compared to the information asymmetry and the turnover of risks in the frame of globalization. A lot of conclusions and recommendations are maid concerning the reduction of critical levels of foreign financial disbalances and increase of capability of economic system to produce profit by discovering new market’s segments, purposely attracting active investments and bettering the quality of activity, beginning with this of public decisions and public services in Bulgaria.

  • Issue Year: 9/2011
  • Issue No: 1
  • Page Range: 29-53
  • Page Count: 25
  • Language: Bulgarian