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Институционалните Условия За Членство В Еврозоната И Защо Пътят Е По-Важен От Неговата Цел
[The institutional conditions for eurozone membership and why the path is more important than the destination]

Author

Listed:
  • Petranov, Stefan
  • Georgieva, Liliana
  • Ivcheva, Radostina

Abstract

The conditions for Bulgaria's admission to the Eurozone are examined in detail, emphasizing and analyzing the presence of different conditions - those that are formally described and are related to objective quantitative criteria and those that are not formalized and are related to the functioning of the Bulgarian institutions. Very often in public debates, formal criteria are discussed, and informal criteria remain in the background. The chapter seeks answers to the following questions. Is it possible that Bulgaria will meet resistance to joining the Eurozone, because of such informal criteria? Is the set date of 1 January 2024 for the adoption of the euro realistic? Is it possible that the period of participation in ERM II, before admission to the Eurozone, will turn out to be significantly longer than expected? Is there a risk of such a scenario materializing, and should attempts be made to control and reduce such risk, if it exists? The presentation is based on a comparative analysis between Bulgaria and other EU countries.

Suggested Citation

  • Petranov, Stefan & Georgieva, Liliana & Ivcheva, Radostina, 2022. "Институционалните Условия За Членство В Еврозоната И Защо Пътят Е По-Важен От Неговата Цел [The institutional conditions for eurozone membership and why the path is more important than the destinat," MPRA Paper 115892, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115892
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    References listed on IDEAS

    as
    1. Leandro Medina & Mr. Friedrich Schneider, 2018. "Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?," IMF Working Papers 2018/017, International Monetary Fund.
    2. Stefan Petranov & Dimitar Zlatinov & Ilia Atanasov, 2022. "The Shadow Economy in Bulgaria During the Period 2006-2019," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-18.
    3. Stela Raleva, 2020. "Bulgarian GDP Expenditure Structure: Growth Impact and Convergence with Eurozone," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 167-191, December.
    4. Mr. Ben Kelmanson & Koralai Kirabaeva & Leandro Medina & Borislava Mircheva & Jason Weiss, 2019. "Explaining the Shadow Economy in Europe: Size, Causes and Policy Options," IMF Working Papers 2019/278, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Eurozone; Bulgaria; ERM II; conditions for admission to the Eurozone;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G00 - Financial Economics - - General - - - General
    • H0 - Public Economics - - General

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