Mitgliedern der Währungsunion ist. Bei der Aufnahme weiterer Mitglieder in die EURO-Zone sind sowohl realwirtschaftliche als auch … zone we suggest to make use of additional criteria which stress real convergence as they can be found in article 121 of the … European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …

Mitgliedern der Währungsunion ist. Bei der Aufnahme weiterer Mitglieder in die EURO-Zone sind sowohl realwirtschaftliche als auch … zone we suggest to make use of additional criteria which stress real convergence as they can be found in article 121 of the … European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …

-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 …

investigate the influence of trade integration, financial integration, fiscal policy convergence, monetary policy similarity and … unavailability of aggregated regional data. The study finds trade, fiscal policy convergence and monetary policy similarity to have a …