Arghyrou, Michael G.; Gregoriou, Andros; Kontonikas, … - Department of Economics, Adam Smith Business School - 2007
previously overlooked effects of structural breaks on real interest rate differentials. Second, we test for RIP against the EMU …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …-fold:
First, we account for the previously overlooked effects of structural breaks on real
interest rate differentials. Second …