STOCK EXCHANGES DEVELOPMENT: THE CASE OF BULGARIA AND ROMANIA

Julia Stefanova

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 194-201

Abstract: The main objective of the research paper is to analyze the development of the stock markets of Bulgaria and Romania. The research will aim at identifying the factors that influence the stock market development process in the two EC member-states following seven years of full EU membership, to outline the existing barriers at micro- and macro levels and draw conclusions. The Bulgarian capital market remains financially underdeveloped as compared to the Romanian one. The alternative for the stock market development in Bulgaria is to follow an evolutionary path similar to the Romanian stock market. The research methodology will include comparative and economic analysis on the basis of European financial integration theory and drawing of conclusions regarding stock market development tendencies.

Keywords: stock markets development; European financial integration (search for similar items in EconPapers)
JEL-codes: G19 G23 G29 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:1:y:2014:i:1:p:194-201

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