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Expected Effects of the Euro Adoption in Bulgaria

Author

Listed:
  • Rumen Gechev
  • Ivailo Beev
  • Yanko Hristozov

Abstract

This article interprets facts regarding the accession to the euro area of selected (representative) EU Member States and the expected effects on the Bulgarian economy. In addition, the main risks of myths are identified, and the objective is to provide an objective view of the benefits and risks of the introduction of the euro in Bulgaria, respectively joining the euro area. The identification of the "critical zones" of possible negative effects is based on a precise examination of the experience gained in countries that have already introduced the single currency. This enables the measures aimed at joining the euro area to incorporate the necessary measures so that the positive effects dominate, which would justify the introduction of the euro in Bulgaria.

Suggested Citation

  • Rumen Gechev & Ivailo Beev & Yanko Hristozov, 2020. "Expected Effects of the Euro Adoption in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 19-44.
    • Handle: RePEc:bas:econst:y:2020:i:2:p:19-44
    as

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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2020/2020-2/2_RimenGechev_f-f.pdf
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    References listed on IDEAS

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    2. Paul Krugman, 2012. "Revenge of the Optimum Currency Area," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 439-448, National Bureau of Economic Research, Inc.
    3. Maylis Avaro & Henri Sterdyniak, 2014. "Banking union: a solution to the euro zone crisis?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 193-241.
    4. Branislav Žúdel & Libor Melioris, 2016. "Five years in a balloon: Estimating the effects of euro adoption in Slovakia using the synthetic control method," OECD Economics Department Working Papers 1317, OECD Publishing.
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    6. Alexander Bystryakov & Nikolay Nenovsky & Elena Ponomarenko, 2019. "Monetary Innovations and Digital Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-18.
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