Expected Effects of the Euro Adoption in Bulgaria

Rumen Gechev, Ivailo Beev and Yanko Hristozov

Economic Studies journal, 2020, issue 2, 19-44

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2020:i:2:p:19-44

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