IDEAS home Printed from https://ideas.repec.org/a/ecb/ecbbox/202000061.html
   My bibliography  Save this article

The Bulgarian lev and the Croatian kuna in the exchange rate mechanism (ERM II)

Author

Listed:
  • Dorrucci, Ettore
  • Fidora, Michael
  • Gartner, Christine
  • Zumer, Tina

Abstract

This box reviews the recent decision on the inclusion of the Bulgarian lev and the Croatian kuna in ERM II from a historical, institutional, policy and economic perspective. It explains the key features of ERM II, describes the process and rationale underlying the decision, including the prior and post‑ERM II entry policy commitments made by the Bulgarian and Croatian authorities, and explains the key elements that were taken into consideration when defining the central rate of the lev and the kuna against the euro in the exchange rate mechanism. JEL Classification: F02, F31

Suggested Citation

  • Dorrucci, Ettore & Fidora, Michael & Gartner, Christine & Zumer, Tina, 2020. "The Bulgarian lev and the Croatian kuna in the exchange rate mechanism (ERM II)," Economic Bulletin Boxes, European Central Bank, vol. 6.
    • Handle: RePEc:ecb:ecbbox:2020:0006:1
    Note: 339035
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2020/html/ecb.ebbox202006_01~db5e37768d.en.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ERM II; euro adoption;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbbox:2020:0006:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.