PROBLEMS OF THE INTRODUCTION OF DERIVATIVE INSTRUMENTS ON THE BULGARIAN STOCK EXCHANGE

Vasil Pavlov

Abstract


The capital market in Bulgaria is significantly behind the EU market. It is characterized by low market capitalization, a small number of listed companies and a scant interest in financing by both institutional investors and individual investors. Of course, this fact can be explained by the insufficient awareness of the population about the opportunities this market offers, and that would be true, but it would not be enough. The crunch in the development of the capital market in Bulgaria leads to a number of important consequences for the economy, perhaps the most significant of which is the strengthening of the role of commercial banks as the most important sources of credit resources. The report monitors the state of the Bulgarian capital market and seeks opportunities for the widespread penetration of derivative instruments that will increase the interest of investors and lead to attracting additional capital to the capital market in the country.


Keywords


financial market, stocks, trades, derivative instruments, risk management, hedging, options.

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References


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New knowledge Journal of science Jubilee edition is financed by the National Science Fund of the Republic of Bulgaria – contract № ДНП 05/52 от 22.12.2016 in the competition of Bulgarian scientific periodicals – 2016

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