countries. Moreover, it does not necessarily yield convergence in levels for identically parameterized economies. All in all …

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …

membership. It should also be sufficient. 3) Convergence, prior to the adoption of the euro, of an EMU candidate’s inflation rate … to its euro area equilibrium inflation rate is helpful but not essential. 4) Real convergence is irrelevant for EMU … fiscal sustainability (and preferably also inflation convergence), the EMU candidate should be given a firm date and …

. In this study we considered two main themes. First, convergence of the current EU-member countries is empirically tested …

within EU sectors falls by between 0.5 and 3 percentage points. There is strong evidence of convergence in the cost of equity … across different countries in the same sector. Convergence across different sectors is small. An implication for portfolio …

-country convergence of per capita GDP, to what extent they operate in practice, and the implications for policies, including those …