Kočenda, Evžen; Kutan, Ali M.; Yigit, Taner M. - 2006
In our analysis, we re-examine the nominal and real convergence of all recent ten European Union (EU) members to EU … standards. Testing for monetary convergence has significant implications for interim optimal exchange rate and monetary policies … before a formal and permanent link to the euro, while real convergence is the ultimate objective of economic integration …