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THE APPLICATION OF BULGARIA FOR THE EURO AREA IN THE CONTEXT OF THE DEBT CRISIS

Viktor Mihaylov Dinev
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Viktor Mihaylov Dinev: SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD

Economics and Management, 2016, vol. 12, issue 2, 142-154

Abstract: The coverage of the Maastricht convergence criteria by Bulgaria has been examined for the period 2010-2015. The study results suggest that Bulgaria can successfully fulfill these criteria and join the Euro area in the coming years. An application of Bulgaria for the Euro area is recommended by 2017 while preserving the currency board arrangement and maintaining a moderate budget deficit. It is necessary to chart a roadmap for the country's accession to the Euro area and to make a public debate on the problem.

Keywords: Maastricht convergence criteria; Bulgaria; Euro area debt crisis (search for similar items in EconPapers)
JEL-codes: E60 F45 G01 (search for similar items in EconPapers)
Date: 2016
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