Necessity and Prerequisites for the Debt Market Development in Bulgaria

Alipi Alipiev

Economic Thought journal, 2005, issue 2, 101-107

Abstract: An analysis of the development trends in the debtor-creditor relations is made on the basis of the amount of bank credits that have been increasing in the recent years and the relatively large amount of inter-company debts. A conclusion is drawn that there is a stable upward trend of the overall indebtness of households and companies, which inevitably leads to an increase in overdue liabilities. In order to unfreeze these assets, it is necessary to develop the debt market segment, which covers the inter-company debts and company debts to financial institutions. Legislative changes and new attitude towards liabilities are needed.

JEL-codes: G10 G11 G18 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2005:i:2:p:101-107

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