Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
, Denmark, and Sweden. We find that Economic and Monetary
Union (EMU) has led to substantial convergence in euro area … since EMU,
particularly for Italy and Spain, which have seen their long-term interest rates become
much lower, much less …: bond markets; euro area; EMU; convergence; anchoring; credibility;
monetary policy.
7 November 2008 …