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Bulgaria: Economic Impacts of Exchange Rate Mechanism II and Banking Union Participation

Dimitar Chobanov ()
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Dimitar Chobanov: Institute of Economics and Politics, University of National and World Economy, Bulgaria

Finance, Accounting and Business Analysis, 2020, vol. 2, issue 2, 127-132

Abstract: The purpose of this article is to identify the benefits, costs, and risks of Bulgaria’s accession to the Exchange Rate Mechanism II and the European Banking Union. A descriptive approach is applied. The main findings are that there are costs and risks that are not thoroughly discussed or are underestimated implying that the net impact on Bulgaria’s economy is not definitely positive.

Keywords: Bulgaria; ERM II; European Banking Union; convergence (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aan:journl:v:2:y:2020:i:2:p:127-132

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