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Inflation Challenge to Bulgaria and Eurozone Membership

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  • Kaloyan Simeonov

Abstract

Factors that influence the inflation in Bulgaria have been analysed in detail and prospects have been outlined for overcoming the inflation challenge and the accession of the country to the Eurozone. Accession stages have been presented in brief, as well as the current level of satisfaction of the Maastriht criteria by Bulgaria. It has been indicated how Slovenia and Lithuania meet these criteria, which submitted official applications for membership in the Eurozone. Inflation factors that have influence in Bulgaria have been analysed. Prospects for Bulgaria to meet the inflation criterion and to become Eurozone member have been outlined.

Suggested Citation

  • Kaloyan Simeonov, 2007. "Inflation Challenge to Bulgaria and Eurozone Membership," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 80-98.
  • Handle: RePEc:bas:econth:y:2007:i:1:p:80-98
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    References listed on IDEAS

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    1. Willem Buiter & Clemens Grafe, 2001. "Central Banking and the Choice of Currency Regime in Accession Countries," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 287-318.
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    Cited by:

    1. Galin Petrov Stefanov, 2020. "Mundel Optimality of the Bulgarian Accession to the Euro Area," Business & Management Compass, University of Economics Varna, issue 3, pages 297-315.

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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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