Economic Effects of Bulgaria’s Eurozone Accession
In this policy brief, the authors 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.
This article was written by Guntram Wolff, Yoto Yotov, Jeffrey Nilsen & Plamen T. Nenov. It was first published by the Bulgarian Council for Economic Analyses in July 2023. You can access the full article here.