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Exchange-Rate Regimes on the Path to Euro

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  • Ivan Todorov

Abstract

An attempt is made to outline the role and importance of exchange rate regimes on the way to the Euro. The differences between the concepts “currency regime” and “exchange rate regime” are clarified. The types of currency regimes and exchange rate regimes are systematized. The relationships of exchange rate regime with macroeconomic tools and the Balance of Payments are analyzed. The specificity of choosing an exchange rate regime is revealed. The impact of exchange rate regimes on the economies of the new member states is highlighted. The Bulgarian currency board arrangement is reviewed in the context of the future membership of Bulgaria in the Euro area.

Suggested Citation

  • Ivan Todorov, 2014. "Exchange-Rate Regimes on the Path to Euro," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 116-147.
  • Handle: RePEc:bas:econst:y:2014:i:1:p:116-147
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    References listed on IDEAS

    as
    1. Stoilova Desislava & Patonov Nikolay, 2012. "Fiscal Decentralization: Is It a Good Choice for the Small New Member States of the EU?," Scientific Annals of Economics and Business, Sciendo, vol. 59(1), pages 125-137, July.
    2. Nikolay Patonov, 2013. "Decentralization Of Public Spending And Economic Growth: An Empirical Study On The European Union," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 11(4), pages 5-15.
    3. Ivan Todorov, 2012. "The Euro area membership of Bulgaria in the context of the debt crisis," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 10(3), pages 41-52.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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