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Basic Institutional Prerequisites for Stimulation of Investments in Bulgaria

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  • Valentina Grozdeva

Abstract

In this study banks and stock exchange have been considered as institutions which can strongly induce investments in Bulgaria. The question about real possibilities of these institutions to create prerequisites for the achievement of high level of investments has been analysed. In this connection the state of the Bulgarian bank system and the conditions of its activity before and after the introduction of the Currency Board have been estimated. The possible ways for transformation of the bank sector and the best conditions for crediting the real sector of economy have been discussed. Also the stock exchange has been considered in connection with its basic functions and problems about speeding up its development in this country.

Suggested Citation

  • Valentina Grozdeva, 1999. "Basic Institutional Prerequisites for Stimulation of Investments in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 124-150.
    • Handle: RePEc:bas:econst:y:1999:i:2:p:124-150
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    References listed on IDEAS

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    1. Vittorio Grilli, 1989. "Financial Markets and 1992," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(2), pages 301-324.
    2. R McKinnon, 1991. "Financial Control in the Transition to a Market Economy," CEP Discussion Papers dp0040, Centre for Economic Performance, LSE.
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