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Strengthening the Regional Integration in Central and Eastern Europe through Cohesion Policy Instruments and Cooperation among Stock Exchanges

Author

Listed:
  • JULIA STEFANOVA

    (Bulgarian Academy of Sciences Economic Research Institute, BULGARIA)

  • ZHIVKA KALAYDZHIEVA

    (Bulgarian Academy of Sciences Economic Research Institute, BULGARIA)

Abstract

The research paper is focused on the analysis of two ways of strengthening the regional integration in the Central and Eastern Europe – through the Cohesion policy instruments and cooperation among stock exchanges. Substantial benefits from the regional integration through cohesion policy include economic and social prosperity, political understanding. It should be further intensified, as it contributes to reduce regional disparities, exchange knowledge and best practices, ensure economic development. On the other hand, the deepening intra-regional cooperation among CEE stock exchanges leads to quantitative and qualitative changes in the course of their consolidation. Some assumptions are reached regarding expected changes on the Bulgarian capital market in the course of intensifying its intra-regional integrational links to CEE capital markets in conformity with set strategic priorities.

Suggested Citation

  • Julia Stefanova & Zhivka Kalaydzhieva, 2014. "Strengthening the Regional Integration in Central and Eastern Europe through Cohesion Policy Instruments and Cooperation among Stock Exchanges," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(1), pages 76-87, May.
    • Handle: RePEc:ntu:ntugeo:vol2-iss1-14-076
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    References listed on IDEAS

    as
    1. Carvalho, Luciano Castro de & Di Serio, Luiz Carlos & Vasconcellos, Marcos Augusto de, 2012. "Competitividade das nações: análise da métrica utilizada pelo World Economic Forum," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 52(4), July.
    2. Cuaresma, Jesus Crespo & Oberhofer, Harald & Smits, Karlis & Vincelette, Gallina A, 2012. "Drivers of convergence in eleven eastern European countries," Policy Research Working Paper Series 6185, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cohesion policy instruments; cross-border programmes; regional financial integration; capital markets;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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