This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced … income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and … within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and …

Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …

that of higher-income economies since the start of monetary union. The significant real convergence performance of some of … view" and reviewing the evidence since the 1960s, this paper shows that certain member countries began to face a "non-convergence … driving real convergence in the euro area over time, alongside other factors; and (ii) the crucial interaction of real …

reform momentum to enable a sustainable convergence with the EU. …