Cilt 3, Sayı 8, Sayfalar 349 - 357 2017-08-31

EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION

Vania Ivanova [1] , Ekaterina Sotirova [2]

5 15

The development of the Bulgarian banking system is a complex and dynamic process that is driven by the effect of both internal and external factors. The country’s membership in the EU favours inflow of foreign capital into the system in the form of the purchases of most Bulgarian commercial banks. The domination of European capital forms a number of positives but also possibilities for distress by line of ownership.

As a Member State of the EU with derogation, Bulgaria does not participate in the European Monetary Union. However, apart from the choice of the euro as a nominal anchor of the Currency Board, it can also be observed that there is tighter integration with the European financial system and, over the last few years, government declarations expressing the desire to become a full member of the Eurozone. That leads to commitments that demonstrate the viewpoint that it is possible to achieve significant improvements of the main dimensions of the system’s functionality while also increasing its credibility in the eyes of Bulgarian consumers of bank services and European investors.

In 2014, the Bulgarian bank system faced a serious challenge – the crisis surrounds Corporate Commercial Bank (CCB), one of its biggest commercial banks. The goal of this article is to examine the methods, effectiveness and costs of stabilizing the system. At the same time, the authors also examine the approaches that would have been applicable to the same situation had the country been a member of the European Banking Union and had CCB been under the Single Supervisory Mechanism. The task, based on the above-mentioned case, to evaluate the positives and potential negatives of Bulgaria joining the Banking Union and to support membership in the European Banking Union. That would contribute towards additional stabilization of the Bulgarian banking sector and more effective resolution of capital adequacy issues, liquidity, solvency and security.

European Banking Union,bank supervision,banking system stability,financial integration
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Konular
Dergi Bölümü Makaleler
Yazarlar

Yazar: Vania Ivanova
E-posta: arbneda@abv.bg
Ülke: Bulgaria


Yazar: Ekaterina Sotirova
E-posta: sotirova_petkova@abv.bg
Ülke: Bulgaria


Bibtex @araştırma makalesi { ijasos336546, journal = {International E-Journal of Advances in Social Sciences}, issn = {}, address = {OCERINT International Organization Center of Academic Research}, year = {2017}, volume = {3}, pages = {349 - 357}, doi = {10.18769/ijasos.336546}, title = {EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION}, language = {en}, key = {cite}, author = {Ivanova, Vania and Sotirova, Ekaterina} }
APA Ivanova, V , Sotirova, E . (2017). EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION. International E-Journal of Advances in Social Sciences, 3 (8), 349-357. DOI: 10.18769/ijasos.336546
MLA Ivanova, V , Sotirova, E . "EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION". International E-Journal of Advances in Social Sciences 3 (2017): 349-357 <http://ijasos.ocerintjournals.org/issue/31049/336546>
Chicago Ivanova, V , Sotirova, E . "EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION". International E-Journal of Advances in Social Sciences 3 (2017): 349-357
RIS TY - JOUR T1 - EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION AU - Vania Ivanova , Ekaterina Sotirova Y1 - 2017 PY - 2017 N1 - doi: 10.18769/ijasos.336546 DO - 10.18769/ijasos.336546 T2 - International E-Journal of Advances in Social Sciences JF - Journal JO - JOR SP - 349 EP - 357 VL - 3 IS - 8 SN - -2411-183X M3 - doi: 10.18769/ijasos.336546 UR - http://dx.doi.org/10.18769/ijasos.336546 Y2 - 2017 ER -
EndNote %0 International E-Journal of Advances in Social Sciences EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION %A Vania Ivanova , Ekaterina Sotirova %T EFFECTS OF THE BULGARIAN BANKING SECTOR JOINING THE EUROPEAN BANKING UNION %D 2017 %J International E-Journal of Advances in Social Sciences %P -2411-183X %V 3 %N 8 %R doi: 10.18769/ijasos.336546 %U 10.18769/ijasos.336546