Showing 11 - 20 of 671
The introduction of Euro currency was a game-changing event intended to induce convergence of …
Persistent link: https://www.econbiz.de/10010860516
In our analysis, we examine the convergence of all recent ten European Union (EU) members to EU standards. Novel … features of the paper include more complete measures of convergence, in particular fiscal convergence; a broader examination of … inflation convergence with respect to the Maastricht benchmark as well as the European Central Bank’s inflation objective; and …
Persistent link: https://www.econbiz.de/10010842907
The paper deals with assessing the common trends in business cycle similarity and convergence in Europe. The main goal … of the paper is to identify common cyclical co-movements and trends in convergence among the European countries so that …-movements, trends of convergence and divergence are identified using correlation analysis. Particularly, actual cross correlation and …
Persistent link: https://www.econbiz.de/10010568845
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …
Persistent link: https://www.econbiz.de/10011604863
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10011605175
analysis of some business cycle similarity and convergence measures using different indicators and detrending techniques …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …
Persistent link: https://www.econbiz.de/10011435274
hindered convergence among the countries of the Eurozone. On the one hand, there is wide agreement on the fact that asymmetric … support for convergence is fading away after the EMU was initiated in 1999. A process of divergence in per capita GDP is … underway, in contrast with the substantial progress that has taken place during the nineties. Regional convergence is also …
Persistent link: https://www.econbiz.de/10005453830
influence the benefit-cost-considerations of the EU states and may make it necessary to loosen the convergence criteria and … measures, such as convergence programs and the so-called stability pact, which diminish the binding character of the voting …
Persistent link: https://www.econbiz.de/10010435468
the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic … development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on …
Persistent link: https://www.econbiz.de/10010494377
and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We … argue that the initial level of economic development as measured by per capita income and the speed of real convergence have …
Persistent link: https://www.econbiz.de/10010494388