Influence of the Euro Implementation on the Inflation in the Eurozone. Lessons for Bulgaria Cover Image

Влиянието на приемането на еврото върху инфлацията в страните от Еврозоната. Поуките за България
Influence of the Euro Implementation on the Inflation in the Eurozone. Lessons for Bulgaria

Author(s): Valentin Bilyanski
Subject(s): Economy, Supranational / Global Economy, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Euro Changeover; Customer Prices; Inflation
Summary/Abstract: This paper explores the impact of the euro changeover on consumer prices in the 19 countries of the euroarea. An overview of the mechanisms they apply to curb inflation during the transition is also made. The main conclusion which can be reached is that the negative effects can be minimized with appropriate government policies on price setting and implementation of a comprehensive information campaign involving multiple customer organizations and organizations of vendors. Based on the analysis we have made specific recommendations on the process of Bulgaria's accession to the euroarea. The author's opinion is that the euroarea membership is mandatory for the country and the procedure for membership should be started as soon as possible.

  • Page Range: 76-85
  • Page Count: 10
  • Publication Year: 2017
  • Language: Bulgarian