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The Western Balkans Stock Exchanges Unification in Response to the Pandemic Crisis

Author

Listed:
  • 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)

Abstract

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 thе 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.

Suggested Citation

  • Vilizar Chupetlovski & Peter Chobanov & Yavor Rusinov, 2021. "The Western Balkans Stock Exchanges Unification in Response to the Pandemic Crisis," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 372-388, September.
    • Handle: RePEc:nwe:eajour:y:2021:i:3:p:372-388
    as

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    References listed on IDEAS

    as
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    4. Albu, Lucian Liviu & Lupu, Radu & Calin, Cantemir, 2014. "A Nonlinear Model to Estimate the Long Term Correlation between Market Capitalization and GDP per capita in Eastern EU Countries," Working Papers of Institute for Economic Forecasting 141115, Institute for Economic Forecasting.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Western Balkans; Stock Exchanges; Pandemic Crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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