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This paper focuses on the convergence performance of euro area countries before and after euro introduction. The … before 2002 (the so-called EA-12) as well as the current group of 19 euro area members (EA-19). The convergence process has … founding members until their adoption of the common currency. The convergence of income levels is not a prerequisite for a …
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A technical assistance mission was undertaken by the Real Sector Statistics Advisor in the Caribbean Regional Technical Assistance Centre to Saint Lucia to provide advice to the Central Statistics Office (CSO) on compiling rebased gross domestic product estimates. The CSO is responding to the...
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This Selected Issues paper analyzes transmission of monetary policy rates to lending and deposit rates in Mexico. The results show that transmission of the policy rate to market rates is statistically significant in all cases, except for mortgage rates. For sight deposits, pass-through is low,...
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This Selected Issues paper shows that upgrading basic public infrastructure, and road infrastructure, raises productivity among firms, not only for large companies but also for Mexico's large number of small and micro firms. This finding suggests that greater government spending on road...
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