This paper aims to analyze the process of financial integration in the EU-27 area, from 2000 to 2013, using nonparametric methods. Besides a set of other nonparametric measures (e.g. Hartigen and Hartigen test, Kernel density estimation), the stochastic kernel indicates the presence of two or...

Drawing on the existing theory, in this paper we analytically evaluate the limitvalues of certain important parameters involved in models used to estimate the size of the informal economy and to explain its workings. We develop a model which combines the level of income and the tax rate as the...

Convergence, both nominal and real, is occurring in the EU, especially for new members. Among the macroeconomic variables and correlations closely related to the convergence process are inflation, per capita GDP, the natural rate of unemployment and the inflation-unemployment relationship. This...