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Systematic Approach towards the Risk from External Financial Imbalances in the Bulgarian Economy

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  • Rumen Georgiev

Abstract

A systematic approach to exploring the external financial imbalances and the profitableness of the internal economy of Bulgaria in the conditions of the global economic crisis is applied. The analysis is conducted on the base of official statistical data from the National Statistical Institute (NSI) and the Bulgarian National Bank (BNB), various research centers and branch organizations in Bulgaria, as well as reputable international authors and sources. The situation is observed from the position of the information asymmetry and the turnover of risks under the conditions of globalization. A number of conclusions and recommendations are made for decreasing the critical levels of the external financial imbalances of the country and increasing the capacity of the economic system to generate profit through ensuring new segments on the market, purposeful draw of active investments and improvement of the quality of work, starting with the public policy and services.

Suggested Citation

  • Rumen Georgiev, 2009. "Systematic Approach towards the Risk from External Financial Imbalances in the Bulgarian Economy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 85-104.
  • Handle: RePEc:bas:econth:y:2009:i:7:p:85-104
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    More about this item

    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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