From a currency board to the euro: Public attitudes toward unilateral euroization in Bulgaria

Neven Valev

No wp736, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Bulgaria has operated a currency board since 1997. It is expected to join the EU in 2007 and the EMU thereafter. This paper uses survey data to analyze public attitudes toward adoption of the euro in advance of EMU membership. Bulgarians are equally split in support for and opposition to euroization. The reasons to support euroization include the eliminated risk of currency devaluation and the perception that the euro is already widely used in the economy. The opposition derives from people’s attachment to the national currency and from concerns about the conversion costs involved in a switch to the euro.

Keywords: Euroization; Dollarization; Euro; Survey Data; Bulgaria; Currency Boards (search for similar items in EconPapers)
JEL-codes: F3 P2 (search for similar items in EconPapers)
Pages: pages
Date: 2005-01-01
New Economics Papers: this item is included in nep-mon and nep-tra
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Related works:
Journal Article: From a Currency Board to the Euro: Public Attitudes Toward Unilateral Euroisation in Bulgaria1 (2006)
Working Paper: From a Currency Board to the Euro: Public Attitudes toward Unilateral Euroization in Bulgaria (2004)
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