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The Euro area membership of Bulgaria in the context of the debt crisis

Author

Listed:
  • Ivan Todorov

    (Faculty of Economics, South-West University Neofit-Rilski)

Abstract

This paper analyzes the perspectives of a Euro area membership for Bulgaria by systematizing the reasons for the debt crisis and by reviewing the macroeconomic specificity of Bulgaria. The focus of investigation is on institutional and structural causes of the crisis. Recommendations are made on possible crisis-exit strategies and on the macroeconomic policies Bulgaria should pursue on its way to the adoption of the Euro.

Suggested Citation

  • Ivan Todorov, 2012. "The Euro area membership of Bulgaria in the context of the debt crisis," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 10(3), pages 41-52.
    • Handle: RePEc:brv:journl:v:10:y:2012:i:3:p:41-52
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    File URL: https://fmv.euba.sk/RePEc/brv/journl/MV2012-3.pdf
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    Citations

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    Cited by:

    1. Kalina Durova, 2019. "Are the New Member States Ready to Join the Euro Area? A Business Cycle Perspective," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 72-95.
    2. Viktor Dinev, 2017. "“Macroeconomic Imbalances” Factor for the Euro Area Debt Crisis," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 142-177.
    3. Ivan Todorov, 2014. "Exchange-Rate Regimes on the Path to Euro," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 116-147.

    More about this item

    Keywords

    Euro area debt crisis; structural and institutional reasons; Bulgaria; macroeconomic policy;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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