Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008
years. However, large external imbalances in parts of the region have raised questions about sustainability and concerns … about vulnerabilities. Empirical evidence in this paper suggest that the convergence trend of emerging Europe is based on … strong fundamentals and is expected to continue, but at a slower pace. Moreover, the convergence path may be volatile as …