This paper analyzes the process of monetary integration of the New Member States in the European Union till the beginning of the Euro Area debt crisis. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum...

This paper analyzes the process of monetary integration of the New Member States in the European Union till the beginning of the Euro Area debt crisis. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum...

This paper analyzes the perspectives of a Euro area membership for Bulgaria by systematizing the reasons for the debt crisis and by reviewing the macroeconomic specificity of Bulgaria. The focus of investigation is on institutional and structural causes of the crisis. Recommendations are made on...

The paper analyzes the macroeconomic specifics of the integration of Bulgaria into the European Union. It describes the necessity of integrating a small country like Bulgaria in a regional integration union like EU. It presents the macroeconomic benefits and costs of the EU membership for our...

An attempt is made to outline the role and importance of exchange rate regimes on the way to the Euro. The differences between the concepts “currency regime” and “exchange rate regime” are clarified. The types of currency regimes and exchange rate regimes are systematized. The...

The development of the concepts in the international economic integration are analyzed. The liberal, regulatory and institutional theories of economic integration and the optimum currency area theory are presented. The Copenhagen Criteria for EU membership, the Maastricht Convergence Criteria...