БЪЛГАРСКИЯТ ЛЕВ ВЪВ ВАЛУТЕН МЕХАНИЗЪМ 2. ВЪЗМОЖНО ЛИ Е ИЗПЪЛНЕНИЕ НА КРИТЕРИИТЕ ЗА ЧЛЕНСТВО В ЕВРОЗОНАТА В МИНИМАЛНИЯ СРОК ОТ ДВЕ ГОДИНИ
THE BULGARIAN LEV IN ERMII. IS IT POSSIBLE TO MEET THE EURO AREA ENTRY CRITERIA WITHIN A MINIMUM OF TWO YEARS
Author(s): Mariella NenovaSubject(s): Economy, National Economy, Supranational / Global Economy, Financial Markets, Public Finances
Published by: Софийски университет »Св. Климент Охридски«
Keywords: inflation; price stability; business cycle; budget deficit; fiscal policy; ERMII; Maastricht criteria
Summary/Abstract: The entry of the Bulgarian lev in the Exchange Rate Mechanism II (ERM II) in July 2020 opens the door to entry in the euro area. The article assesses the feasibility of fulfilling the Maastricht quantitative economic criteria, with a focus on the criteria for price stability and sound public finances which are found to have been the most problematic for the Baltic countries in their accession to the euro area. A controversial relationship between the business cycle and the achievement of those criteria has been identified. Based on the analysis, an assessment is made, namely that it will be probable for the Bulgarian economy to meet the quantitative economic criteria for euro area entry in the shortest possible period.
Journal: Годишник на Стопанския факултет на СУ „Св. Климент Охридски“
- Issue Year: 21/2022
- Issue No: 1
- Page Range: 131-152
- Page Count: 22
- Language: Bulgarian