Financial functions and Economic Growth: Risk and Liquidity, Bulgaria 1997-2007

Nesheva-Kiosseva, Ninel (2008) Financial functions and Economic Growth: Risk and Liquidity, Bulgaria 1997-2007. In: Third Conference of Southeast Europe Monetary History Network (SEEMHN): "Banking and Finance in SE Europe: Lessons of Historical Experience", 14 March 2008, Bank of Greece, Athens, Greece. (Submitted)

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This paper investigated the problem of liquidity of the risk capital (i.e. shareholders capital in its role of source of a financing), like a source of liquidity flow on macroeconomic level in Bulgaria, provided by Bulgarian stock exchange, and with the relation to the economic growth during the last 10 years.
A large body of literature shows that financial development is beneficial. (surveys: Levine/Zervos, 1997 and Rajan and Zingales, 2001 and others).
There is and one more reason:
Zingales/Rajan concluded on the basis of deep analyses, that in the last 10 years in the EU finance pass a change in the financial model what will not be benefited the Southern European countries.
And this putt us so much questions…

Item Type:Conference or Workshop Item (Lecture)
Uncontrolled Keywords:Financial functions, Economic Growth, Risk,Liquidity, Stock Exchange
Subjects:Economic and business Administration > Finance. Banks and banking
ID Code:1014
Deposited By: Assoc.Prof.PhD Ninel Nesheva-Kiosseva
Deposited On:17 Jan 2012 08:56
Last Modified:07 Oct 2013 06:55

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