IDEAS home Printed from https://ideas.repec.org/a/vrn/journl/y2023i3p196-212.html
   My bibliography  Save this article

The Capital Market Matters - The Experience Of The Grand Duchy

Author

Listed:
  • Krasimira NAYDENOVA

    (Department of Finance, University of Economics, Varna, Bulgaria)

Abstract

The Bulgarian capital market is not founding its place in the national economy for more than 30 years, and the market infrastructure is far from world standards, at least as far as the central depository is concerned. The government is a major shareholder in CD (Central Depository) and BSE (Bulgarian Stock Exchange) and is not doing enough for their development and integration. The state is also absent as a factor in the development of securities trading. The example of Luxembourg shows that the capital market can be a driver of the national economy and a factor for growth, which is why it should be recognized. The stated goal of the research also sets the limitations in the present study - it is an overview and uses a comparative analysis of indicators for economic development and trading in financial instruments. The analysis shows that government guidance of capital market development can become a major factor for remarkable growth, and this can be achieved by small economies as well.

Suggested Citation

  • Krasimira NAYDENOVA, 2023. "The Capital Market Matters - The Experience Of The Grand Duchy," Business & Management Compass, University of Economics Varna, issue 3, pages 196-212.
    • Handle: RePEc:vrn:journl:y:2023:i:3:p:196-212
    as

    Download full text from publisher

    File URL: https://journal.ue-varna.bg/uploads/20230926014537_286359856512e0816714b.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Lyxembourg capital market; Bulgarian capital market; Clearstream; LuxSE; BSE; CD;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:journl:y:2023:i:3:p:196-212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yana Doneva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.