Plamen Peev, Pavlina Dimitrova


In modern business environment, influenced by globalization and dynamic changes, often with negative effects and hiding a lot of risks to the economies of the countries, the financial system plays a key role in global and national economies. It is the one that, by stimulating economic growth, affects the economic performance of the participants, impacting economic well-being. The financial system makes possible a more efficient transfer of funds.


financial intermediaries, importance of credit institutions, banking

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Zakon za kreditnite institutsii

Zakon za publichnoto predlagane na tsenni knizha

Bossone, B., P. Honohan, and M. F. Long. Policy for Small Financial Systems. In "Financial Sector Policy for Developing Countries", Edited by G. Caprio, P. Honohan, D. Vitas, A copublication of the World Bank and Oxford University Press, 2002, p. 125

Georgiev, L. Teoriya na finansovoto posrednichestvo. Varna, 2010.

Krayninska, I. Finansovite posrednitsi na balgarskiya pazar – sastoyanie, problemi, perspektivi. Sofiya: AI „prof. Marin Drinov“, 2010.

Ledgerwood, Joanna. Microfinance Handbook: An Institutional and Financial Perspective. Washington, D.C.: The World Bank, 1999, p. 97.


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