The Maastricht convergence criteria are partially based on the theory of optimum currency areas and costs-benefits analysis of the creation of a single currency area as the EMU foundation. Fulfillment of convergence criteria should be durable, but it requires a certain degree of real convergence...

International integration of financial markets is one of the important conditions for favorable monetary integration. The treasury bond market is one of the financial market segments. Polish membership in the European Union and liberalization of capital movement were important factors in the...