We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence … of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro … area members since the advent of the common currency. Income convergence stagnated in the early years of the common …

In the last few decades there has been little convergence of income levels in Latin America with those in the United … States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the …, there is strong conditional cross-country convergence. Poor countries with high levels of human capital, governance or …