Regarding the Interest Rates Divergence within the Eurozone Cover Image

За лихвената дивергенция в еврозоната
Regarding the Interest Rates Divergence within the Eurozone

Author(s): Alexander Lichev
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: Maastricht’s criterion; long term interests’ rates; Eurozone; interets’s rates divergence

Summary/Abstract: For the countries which plan joining the Eurozone in future (including Bulgaria) it is quite important to investigate the experience of the those countries which have already accepted the euro and which is related to those which have closely kept to the achieved convergence criteria. The aim of the research is the investigation of the interest rates convergence existing in Slovenia, Malta, and Cyprus in the period of time after they joined the Eurozone. The object of the research is the countries joining the extension of the Eurozone during 2007-2009, and the subject-matter is the trends of long term interest rates in the Eurozone as a main Maastricht criterion for convergence with specific market dependant behavior under the conditions of a crises. From a structural point of view, two components of this research are developed: first, a comparative analysis of the main trends in the interest rates convergence in the Eurozone after the year 2009 and second, an econometric analysis of the trends in long term interest rates in the countries of expansion and the countries from the group of PILGS for the establishment of interest rates convergence under the conditions of an economic and financial crisis.

  • Issue Year: 2012
  • Issue No: 4
  • Page Range: 99-110
  • Page Count: 12
  • Language: Bulgarian