The Western Balkans Stock Exchanges Unification in Response to the Pandemic Crisis
Peter Chobanov and
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Vilizar Chupetlovski: Department of Finance, University of National and World Economy, Sofia
Peter Chobanov: Department of Finance, University of National and World Economy, Sofia
Yavor Rusinov: Department of Computer Sciences, University of Library Studies and Information Technologies, Sofia
Economic Alternatives, 2021, issue 3, 372-388
Western Balkans is a term describing Eastern European countries that include North Macedonia, Montenegro, Serbia, Albania, and Kosovo. The report puts Bulgaria next to the Western Balkan countries. The pandemic situation since the beginning of 2020 creates a need for fresh capital in all national economies. During the pandemic, non-standard decisions should be made in favor local economic agents to support and standardize economic processes. The pandemic necessitates the creation of alternative financing for economies. The Balkan Stock Exchange project faces thÐµ opportunity to be implemented through the Committee of the European Parliament. In stock market history a merger is not a precedent. The first steps were in 2001, by Euronext. The Balkan Stock Exchange problems are mainly in the legislation and the tax treatment of income from financial instruments and dividends. The biggest positive for countries will be if, owing to the Balkan Stock Exchange, the possibility of remote access and investment keeps economies running. Through funding from an effective Balkan stock exchange, economic life should continue, albeit transformed into a remote one, so that the pandemic can be overcome with the least possible damage and without complete closure of the economies.
Keywords: Western Balkans; Stock Exchanges; Pandemic Crisis (search for similar items in EconPapers)
JEL-codes: G01 G15 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2021:i:3:p:372-388
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