Финансова интеграция и икономическа синхронизация (теоретичен анализ)
Financial Integration and Economic Synchronisation (Theoretical Analysis)
Author(s): Ilia KutsarovSubject(s): Economy, Supranational / Global Economy, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: financial integration; business cycles synchronization; business cycles divergence
Summary/Abstract: This study examines various mechanisms for the linkage between financial integration and business cycle synchronization. The present study advocates that changes in capital demand lead to divergence while shocks in the integrated financial system cause synchronization. Based on this differentiation the study derives indicators that determine the tendency for synchronization or divergence.
Journal: Научни трудове на УНСС
- Issue Year: 5/2019
- Issue No: 5
- Page Range: 339-349
- Page Count: 11
- Language: Bulgarian
