Julia Stefanova

(Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria)

 

 

Abstract: The aim of the paper is to make a comparative analysis of the current state of development of the Serbian and the Bulgarian capital markets within the framework of EU integration process. It will outline main challenges and barriers in front of the two capital markets at the institutional and microeconomic levels, and the preparation of the Serbian capital market for integration into the EU capital markets. The report will include evaluation of the capital market development in Bulgaria following seven years’ of full membership of Bulgaria in EU and will draw some conclusions regarding the challenges that need to be further overcome.

 

 

Key words: European capital markets; capital market integration; capital market development

 

JEL codes: G19, G23, G29