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

Author

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  • Roumen Georgiev

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

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.

Suggested Citation

  • Roumen Georgiev, 2011. "Risks of Foreign Financial Disbalances on Bulgarian Economy in the Conditions of Global Economic Crisis," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 9(1), pages 29-53, March.
    • Handle: RePEc:sko:yrbook:v:9:y:2011:i:1:p:29-53
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    More about this item

    Keywords

    recession; trade disbalance; current account disbalance; capital account; foreign debt; country risk; information asymmetry; moral hazard; labour; throughput; public decisions; public services.;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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