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A Systematic Approach to the Risk of Foreign Financial Disbalances on Bulgarian Economy


  • Rumen Georgiev


A systematic approach is applied to the study of foreign financial disbalances and internal rentability of the economy of the country in the situation of a global economic crisis. The analysis is based on officially published data of NSI and BNB, different research centers and branch organizations in Bulgaria, as well as well-known authors and sources from abroad. The economic situation is analyzed in comparison to the information asymmetry and the turnover of risks in the frame of globalization. Many conclusions and recommendations are made concerning the reduction of critical levels of foreign financial disbalances and the increasing of the capability of the economic system to produce profit by securing new market’s segments, purposefully attracting active investments and improving the quality of its activity, beginning with the public decisions and public services in Bulgaria.

Suggested Citation

  • Rumen Georgiev, 2009. "A Systematic Approach to the Risk of Foreign Financial Disbalances on Bulgarian Economy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-25.
  • Handle: RePEc:bas:econth:y:2009:i:5:p:3-25

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    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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