This paper focuses on the convergence performance of euro area countries before and after euro introduction. The analysis compares per capita incomes across countries, both for the initial group of twelve countries that adopted the euro before 2002 (the so-called EA-12) as well as the current...

Introduction and overview Jean A.P. Clément -- Sustaining growth takeoffs : lessons from Mozambique Jean A.P. Clément and Shanaka J. Peiris -- Halving the poverty rate by 2015 Louise Fox, Rui Benfica, and Melissa Sekkel -- Sustaining growth in the long term Sam Jones -- Monetary and financial...