Boreiko, Dimitri - Oesterreichische Nationalbank - 2002
criteria in the Maastricht Treaty (nominal convergence) and by Optimum Currency Area theory (real convergence). The algorithm … reveals that Estonia and Slovenia are the leaders in both nominal and real convergence, whereas the other countries from the … 1998 Accession Wave have achieved substantial results only in real convergence. Moreover, Poland is excluded from the …