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

Roumen Georgiev ()
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Roumen Georgiev: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2011, vol. 9, issue 1, 29-53

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.

Keywords: recession; trade disbalance; current account disbalance; capital account; foreign debt; country risk; information asymmetry; moral hazard; labour; throughput; public decisions; public services. (search for similar items in EconPapers)
JEL-codes: G01 H11 M21 (search for similar items in EconPapers)
Date: 2011
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