Gergana Mihailova
Modeling of Household's Behavior in the Process of Acquiring Financial Assets/Liabilities
Summary:
The paper examines the behavior of households, who are the main net saviors in the Bulgarian economy. With accumulated savings they cover their investment and provide financial sources to other economic agents in the economy by the intermediation of the financial institutions. The households play the important role in the economy, especially in the case of the worsening external imbalances, which could be narrowed by the increasing household savings in the economy. For this purpose, it is necessary to define the factors, which determine the dynamics of the acquired financial assets and incurred financial liabilities. The empirical results obtained from the compiled financial accounts (SNA), according to the provided methodology in Mihaylova (2004), are used.
