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The main objective of the paper is to analyze the key problems ahead of Bulgaria’s accession to the euro area. By joining the EU, Bulgaria assumed a duty and became eligible to join the euro area. By its nature and consequences, joining the eurozone is not only a matter of currency substitution, but also a radical change of the monetary regime and elimination of the currency board arrangement in Bulgaria. The study emphasizes that to date the accession of Bulgaria to the euro area has the importance of an immediat...

In the current global recession, the world’s leading central banks face strong and sustained deflationary pressures. As a response to the global financial crisis the leading central banks undertake a wide range of unconventional monetary policy measures. Central banks introduce unconventional measures unprecedented in their scope and magnitude. The subject of the current research is the unconventional monetary policy of the leading central banks in the world – the European Central Bank (ECB), the US Federal Reserv...