Bulgaria has operated a currency board since 1997. It is expected to join the European Union in 2007 and the European Monetary Union (EMU) thereafter. This paper analyses public attitudes toward adoption of the euro in advance of EMU membership and offers unique evidence on the political economy...

The debate surrounding EMU enlargement is usually focused on the policy choices prior to EU accession, on Maastricht criteria and ERM-II, and on the existence of an optimum currency area between accession counties and the Euro Area. This paper reviews these issues from Estonia's perspective....