Mandel, Martin; Tomšík, Vladimír - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 376-387
The Maastricht criteria measure the nominal convergence process of transformation countries to the European Union (resp. the EMU). The real convergence process, as opposed to the nominal, is much less scrutinized. Due to the high income elasticity of imports in Central and Eastern European...
