IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2001i1p64-80.html
   My bibliography  Save this article

Official Eurozation of Bulgaria: Pluses and Minuses

Author

Listed:
  • Nikolay Nenovsky
  • Kalin Hristov

Abstract

The paper generalizes benefits and costs of potential official euroisation of Bulgarian economy in the process of accession to European Union and European Monetary Union. Since Bulgarian has a currency board the paper emphasizes on the comparison of current monetary regime and official euroisation. We present arguments in favor of the statement that European common currency have to be introduced on the Balkans and in Bulgaria, which will help Euro to take strategic advantage in the future new geography of money.

Suggested Citation

  • Nikolay Nenovsky & Kalin Hristov, 2001. "Official Eurozation of Bulgaria: Pluses and Minuses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 64-80.
    • Handle: RePEc:bas:econst:y:2001:i:1:p:64-80
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=a99ec7a6-93ff-46e8-bfd3-37c67309d82d&articleid=a0e8620d-3cae-4595-b51e-4aa36ffc91fd#aa0e8620d-3cae-4595-b51e-4aa36ffc91fd
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Baldwin, Richard & Berglöf, Erik & Giavazzi, Francesco & Widgren, Mika, 2000. "EU Reforms for Tomorrow's Europe," CEPR Discussion Papers 2623, C.E.P.R. Discussion Papers.
    2. Eduardo Borensztein & Andrew Berg, 2000. "Full Dollarization; The Pros and Cons," IMF Economic Issues 24, International Monetary Fund.
    3. Mr. Eduardo Borensztein & Mr. Andrew Berg, 2000. "The Pros and Cons of Full Dollarization," IMF Working Papers 2000/050, International Monetary Fund.
    4. Zeljko Bogetic, 2005. "Official Dollarization: Current Experiences and Issues, Cato Journal, Vol. 20, No. 2 (Fall 2000), 179-213," International Finance 0510006, University Library of Munich, Germany.
    5. Fischer, Stanley, 1982. "Seigniorage and the Case for a National Money," Journal of Political Economy, University of Chicago Press, vol. 90(2), pages 295-313, April.
    6. Hal S. Scott, 1998. "When the Euro Falls Apart," International Finance, Wiley Blackwell, vol. 1(2), pages 207-228, December.
    7. Marvin Goodfriend, 2000. "The role of a regional bank in a system of central banks," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 7-25.
    8. repec:bla:intfin:v:1:y:1998:i:2:p:207-28 is not listed on IDEAS
    9. Barry Eichengreen & Ricardo Hausmann, 1999. "Exchange rates and financial fragility," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 329-368.
    10. Alberola, Enrique & Tyrväinen, Timo, 1998. "Is there scope for inflation differentials in EMU? An empirical evaluation of the Balassa-Samuelson model in EMU countries," Bank of Finland Research Discussion Papers 15/1998, Bank of Finland.
    11. Enrique Alberola, 2000. "Interpreting inflation differentials in the euro area," Economic Bulletin, Banco de España, issue APR, pages 61-70, April.
    12. Hans-Werner Sinn & Holger Feist, 1997. "Eurowinners and Eurolosers: The Distribution of Seignorage Wealth in EMU," CESifo Working Paper Series 134, CESifo.
    13. Bordo, Michael D & Redish, Angela, 1993. "Maximizing Seignorage Revenue during Temporary Suspensions of Convertibility: A Note," Oxford Economic Papers, Oxford University Press, vol. 45(1), pages 157-168, January.
    14. repec:zbw:bofrdp:1998_015 is not listed on IDEAS
    15. repec:cto:journl:v:20:y:2000:i:2:p:179-213 is not listed on IDEAS
    16. Željko Bogetić, 2000. "Full Dollarization: Fad or Future?," Challenge, Taylor & Francis Journals, vol. 43(2), pages 17-48, March.
    17. Mr. Eduardo Borensztein & Mr. Andrew Berg, 2000. "Full Dollarization: The Pros and Cons," IMF Economic Issues 2000/004, International Monetary Fund.
    18. Nancy Marion, 1999. "Some Parallels Between Currency and Banking Crises," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 473-490, November.
    19. Zeljko Bogetic, 2005. "Full Dollarization: Fad or Future? Challenge (March 2000)," International Finance 0510007, University Library of Munich, Germany.
    20. C. A. E. Goodhart, 1995. "The Political Economy of Monetary Union (1995)," Palgrave Macmillan Books, in: The Central Bank and the Financial System, chapter 8, pages 156-202, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. HOUBENOVA-DELISIVKOVA, Tatiana, 2015. "Contemporary Tendencies In The Development Of The Financial Sector In Bulgaria In The Context Of The Regulative Changes In The Eu," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 76-91.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cordeiro, Jose Luis, 2008. "Monetary Systems in Developing Countries: An Unorthodox View," IDE Discussion Papers 154, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Owen F. Humpage, 2002. "An incentive-compatible suggestion for seigniorage sharing with dollarizing countries," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Jun.
    3. Ricardo Hausmann & Ugo Panizza & Carmen Reinhart & Douglas Barrios & Clement Brenot & Jesus Daboin Pacheco & Clemens Graf von Luckner & Frank Muci & Lucila Venturi, 2023. "Towards a Sustainable Recovery for Lebanon's Economy," Growth Lab Working Papers 223, Harvard's Growth Lab.
    4. Dean, James W., 2001. "Should Latin America's common law marriages to the US dollar be legalized? Should Canada's?," Journal of Policy Modeling, Elsevier, vol. 23(3), pages 291-300, April.
    5. A. Bénassy-Quéré & B. Cœuré, 2002. "The Survival of Intermediate Exchange rate Regimes," THEMA Working Papers 2002-11, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    6. Roberto Duncan, 2003. "Exploring the Implications of Official Dollarization on Macroeconomic Volatility," Working Papers Central Bank of Chile 200, Central Bank of Chile.
    7. Franziska Schobert, 2003. "Euroisation. Assessing the Loss of Seigniorage and the Impact on the Interest Premium in Central European Countries," Revue économique, Presses de Sciences-Po, vol. 54(5), pages 913-935.
    8. Marcelin, Isaac & Mathur, Ike, 2016. "Financial sector development and dollarization in emerging economies," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 20-32.
    9. Mar𨁌orena Mar𑁥l Cristo & Marta G -Puig, 2013. "Pass-through in dollarized countries: should Ecuador abandon the US dollar?," Applied Economics, Taylor & Francis Journals, vol. 45(31), pages 4395-4411, November.
    10. Nicoleta Bărbuță-Mișu & Tuna Can Güleç & Selim Duramaz & Florina Oana Virlanuta, 2020. "Determinants of Dollarization of Savings in the Turkish Economy," Sustainability, MDPI, vol. 12(15), pages 1-16, July.
    11. De la Cuba, Mauricio & Winkelried, Diego & Barenboin, Igor & Bertone, Louise & Jacobo, Alejandro & Loveday Laghi, James, 2004. "La Coordinación Macreconómica y la Cooperación Monetaria, Sus Costos, Beneficios y Aplicabilidad en Acuerdos Regionales de Integración," IDB Publications (Working Papers) 2180, Inter-American Development Bank.
    12. Russell Cooper, 2012. "Exit from a Monetary Union through Euroization: Discipline without Chaos," NBER Working Papers 17908, National Bureau of Economic Research, Inc.
    13. Shinkevich Andrey, 2002. "Dollarization Hysteresis in Russia," EERC Working Paper Series 00-087e, EERC Research Network, Russia and CIS.
    14. Jérôme Blanc, 2014. ""Argentina o dolarización", ou quand la monnaie revient à la souveraineté," Post-Print halshs-01016336, HAL.
    15. Carlos Ibarra, 2005. "The Behavior of Interest Rate Differentials Under Shifting Exchange Rate Regimes: The Experience of Chile, Colombia and Israel," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(125), pages 103-131.
    16. Roberto Chang, 2000. "Dollarization: a scorecard," Economic Review, Federal Reserve Bank of Atlanta, vol. 85(Q3), pages 1-12.
    17. Beckerman, Paul, 2001. "Dollarization and semi-dollarization in Ecuador," Policy Research Working Paper Series 2643, The World Bank.
    18. Arellano, Cristina & Heathcote, Jonathan, 2010. "Dollarization and financial integration," Journal of Economic Theory, Elsevier, vol. 145(3), pages 944-973, May.
    19. Jean-Pierre Allegret, 2007. "«Quels régimes de change pour les marchés émergents ? Les solutions de coins en questions»," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 54(4), pages 397-427.
    20. Léonce Ndikumana, 2003. "Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa," Working Papers wp55, Political Economy Research Institute, University of Massachusetts at Amherst.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2001:i:1:p:64-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.