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Strategic Priorities to the Bulgarian Capital Market for Strengthening the Integration to EU

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  • Julia Stefanova

Abstract

The purpose of the present study is to analyse the current state of the Bulgarian capital market within the framework of the strategic priorities for deepening of its integrational links to the European capital markets. The paper presents results from correlation analysis of indicators of integration of the Bulgarian capital market to the Eurozone. The results point to medium degree of integration of the Bulgarian capital market. Irrespective of the high degree of harmonization of the regulatory framework and market practices on the Bulgarian capital market still exist various barriers at micro and institutional levels.

Suggested Citation

  • Julia Stefanova, 2013. "Strategic Priorities to the Bulgarian Capital Market for Strengthening the Integration to EU," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 45-73.
    • Handle: RePEc:bas:econst:y:2013:i:2:p:45-73
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    References listed on IDEAS

    as
    1. Markus Baltzer & Lorenzo Cappiello & Roberto A. De Santis & Simone Manganelli, 2008. "Measuring financial integration in new EU member states," Occasional Paper Series 81, European Central Bank.
    2. Sylvester Eijffinger & Jan J.G. Lemmen (ed.), 2003. "International Financial Integration," Books, Edward Elgar Publishing, volume 0, number 2093.
    3. Manolis Syllignakis & Georgios Kouretas, 2006. "Long And Short-Run Linkages In Cee Stock Markets: Implications For Portfolio Diversification And Stock Market Integration," William Davidson Institute Working Papers Series wp832, William Davidson Institute at the University of Michigan.
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    Cited by:

    1. STEFANOVA, Julia, 2015. "Problems And Challenges Facing The Capital Markets Of Bulgaria And Macedonia," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 152-161.

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    More about this item

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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