Bulgaria: Economic Impacts of Exchange Rate Mechanism II and Banking Union Participation

  • Dimitar Chobanov Institute of Economics and Politics, University of National and World Economy


The purpose of this article is to identify the benefits, costs, and risks of Bulgaria’s accession to the Exchange Rate Mechanism II and the European Banking Union. A descriptive approach is applied. The main findings are that there are costs and risks that are not thoroughly discussed or are underestimated implying that the net impact on Bulgaria’s economy is not definitely positive.