文章基本信息

标题：The European exchange rate mechanism (ERM II) as a preparatory phase on the path towards euro adoption – the cases of Bulgaria and Croatia
本地全文：下载
作者：Ettore Dorrucci ; Michael Fidora ; Christine Gartner 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：Following the completion of a roadmap agreed over the past few years among all relevant EU stakeholders, the Bulgarian lev and the Croatian kuna were included in the European exchange rate mechanism (ERM II) on 10 July 2020. Their inclusion marks a milestone towards future enlargement of the euro area, given the important role that ERM II plays as a preparatory phase for euro adoption. Participation in ERM II may lead to a regime shift in the country concerned, i.e. it may alter the incentives of international and local investors and of the national authorities.