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Съюзът На Капиталовите Пазари И България
[The capital markets union and Bulgaria]

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  • Petranov, Stefan

Abstract

The Chapter discusses the need for the creation of a single European Capital Markets Union (CMU). Comparative data and arguments are presented, supporting the thesis that the financing of the European economy is too dependent on the banking system and there is a need to increase the share of market financing. The initial Plan of the European Commission for the creation of CMU and its continuation - the so-called New Plan for CMU are analyzed. The effects on the Bulgarian economy are discussed from the point of view of business financing and issuers of financial instruments, as well as from the point of view of savers and investors in Bulgaria.

Suggested Citation

  • Petranov, Stefan, 2022. "Съюзът На Капиталовите Пазари И България [The capital markets union and Bulgaria]," MPRA Paper 115889, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115889
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    References listed on IDEAS

    as
    1. Gert Wehinger, 2012. "Bank deleveraging, the move from bank to market-based financing, and SME financing," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2012(1), pages 65-79.
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    More about this item

    Keywords

    capital markets union; Bulgaria; market financing; banking financing;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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