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Official Eurozation of Bulgaria: Pluses and Minuses

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  • Nikolay Nenovsky
  • Kalin Hristov

Abstract

The paper generalizes benefits and costs of potential official euroisation of Bulgarian economy in the process of accession to European Union and European Monetary Union. Since Bulgarian has a currency board the paper emphasizes on the comparison of current monetary regime and official euroisation. We present arguments in favor of the statement that European common currency have to be introduced on the Balkans and in Bulgaria, which will help Euro to take strategic advantage in the future new geography of money.

Suggested Citation

  • Nikolay Nenovsky & Kalin Hristov, 2001. "Official Eurozation of Bulgaria: Pluses and Minuses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 64-80.
  • Handle: RePEc:bas:econst:y:2001:i:1:p:64-80
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    References listed on IDEAS

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    1. Fischer, Stanley, 1982. "Seigniorage and the Case for a National Money," Journal of Political Economy, University of Chicago Press, vol. 90(2), pages 295-313, April.
    2. Feist, Holger & Sinn, Hans-Werner, 1997. "Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in EMU," CEPR Discussion Papers 1747, C.E.P.R. Discussion Papers.
    3. Bordo, Michael D & Redish, Angela, 1993. "Maximizing Seignorage Revenue during Temporary Suspensions of Convertibility: A Note," Oxford Economic Papers, Oxford University Press, vol. 45(1), pages 157-168, January.
    4. Marvin Goodfriend, 2000. "The role of a regional bank in a system of central banks," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 7-25.
    5. Scott, Hal S, 1998. "When the Euro Falls Apart," International Finance, Wiley Blackwell, vol. 1(2), pages 207-228, December.
    6. Baldwin, Richard & Berglöf, Erik & Giavazzi, Francesco & Widgrén, Mika, 2000. "EU Reforms for Tomorrow’s Europe," CEPR Discussion Papers 2623, C.E.P.R. Discussion Papers.
    7. Zeljko Bogetic, 2005. "Full Dollarization: Fad or Future? Challenge (March 2000)," International Finance 0510007, University Library of Munich, Germany.
    8. Alberola, Enrique & Tyrväinen, Timo, 1998. "Is there scope for inflation differentials in EMU : An empirical evaluation of the Balassa-Samuelsson model in EMU countries," Research Discussion Papers 15/1998, Bank of Finland.
    9. Nancy Marion, 1999. "Some Parallels Between Currency and Banking Crises," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 473-490, November.
    10. Zeljko Bogetic, 2005. "Official Dollarization: Current Experiences and Issues, Cato Journal, Vol. 20, No. 2 (Fall 2000), 179-213," International Finance 0510006, University Library of Munich, Germany.
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    Cited by:

    1. HOUBENOVA-DELISIVKOVA, Tatiana, 2015. "Contemporary Tendencies In The Development Of The Financial Sector In Bulgaria In The Context Of The Regulative Changes In The Eu," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 76-91.

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