Although better information about the dynamics of the yields on financial assets is decisive for both borrowers and lenders alike, it is not uncommon, in the literature, for researchers to employ standard unit-root tests to determine the extent of the persistence, and based on such results,...

Economic and Monetary Union (EMU) raises important questions about policy context and design within member states. As EMU membership rises, so it embraces an increasingly diverse range of countries notwithstanding, the qualifying convergence criteria. Given the importance of convergent inflation...