Policy Briefs - Bulgarian Council for Economic Analyses

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Economic Effects of Bulgaria’s Eurozone Accession (Guntram Wolff, Yoto Yotov, Jeffrey Nilsen, Plamen T. Nenov)

Publish date: 31.07.2023
Last updated: 07.08.2023

In this policy brief, we provide evidence on potential economic effects for Bulgaria from joining the euro area. We focus on four economic channels we view as central to the country’s accession to the euro, namely inflation, trade integration, capital flows, and interest rates. We present the experience of comparable Eastern European countries immediately before and after the adoption of the Euro as a benchmark to understand the likely effects for Bulgaria.

Economic Effects of Bulgaria’s Eurozone Accession

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