declined, mostly as a result of the macroeconomic convergence of new EU-accession countries. EU15 income inequality fell … terms of poverty reduction. It also shows that the patterns of income convergence across member states differ across …

assess the effectiveness of the convergence criteria by examining location specific advantages that guide multinational …. Specifically, our results suggest that economic convergence ensured by belonging to the common currency area helps double FDI flows …

-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess … studies, however, the potential role of the exchange rate regime in affecting price convergence in Europe has been overlooked … convergence. To show this, we first model the (endogenous) choice of the exchange rate regime and, in a second stage, estimate a B …