Favero, Carlo A.; Giavazzi, Francesco; Iacone, Fabrizio; … - IGIER (Innocenzo Gasparini Institute for Economic …
the EMU. The case of Italy is interesting because in the survey regularly conducted by Reuters the probability of joining … EMU in 1999 fluctuated between 0.07 and 0.15, while, during the same period, the measures of computed by financial houses … is to find out whether an observed reduction in interest rate spreads signals a higher probability of joining EMU at a …