The project uses survey and interview data to investigate the expected impacts of adopting the euro in Bulgaria. The data show that the status quo: keeping the currency board, is the most popular currency policy alternative. Adopting the euro comes second and also enjoys support among the population and the business community. The euro is popular among the wider public despite its anticipated negative personal effects. This inconsistency is explained by the view that eurozone membership is like insurance in times of crises. Most companies anticipate a positive impact of the euro on their business and show stronger support for joining the eurozone compared to consumers.
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Neven Valev, of Georgia State University, was a 2010-11 Individual Advanced Research Opportunities (IARO) [9]fellow.
