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Macroeconomic Specifics of Integration of Bulgaria into the European Union

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  • Ivan Todorov

Abstract

The paper analyzes the macroeconomic specifics of the integration of Bulgaria into the European Union. It describes the necessity of integrating a small country like Bulgaria in a regional integration union like EU. It presents the macroeconomic benefits and costs of the EU membership for our country. The paper discusses the readiness of Bulgaria for participation in the Eurozone from the theory of optimal currency area. It analyzes the macroeconomic policy and integration process of Bulgaria in the conditions of global economic crisis.

Suggested Citation

  • Ivan Todorov, 2012. "Macroeconomic Specifics of Integration of Bulgaria into the European Union," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 24-46.
    • Handle: RePEc:bas:econst:y:2012:i:4:p:24-46
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    References listed on IDEAS

    as
    1. David E. Wildasin, 2000. "Factor mobility and fiscal policy in the EU: policy issues and analytical approaches," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 15(31), pages 338-378.
    2. Atanas Damyanov & Galin Stefanov, 2010. "Business Cycle Synchronization Between the Bulgarian Economy and the European Union," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 8(2), pages 171-185.
    3. Sanz-de-Galdeano, Anna & Turunen, Jarkko, 2006. "The euro area wage curve," Economics Letters, Elsevier, vol. 92(1), pages 93-98, July.
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    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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