Darvas, Zsolt; Szapáry, György - Directorate-General Economic and Financial Affairs, … - 2008
The paper discusses the risks and challenges faced by the new members on the road to the euro and the strategies for … and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We … a bearing on the strategies to follow and on the timing of entry into euro area. This is because the lower is the per …