Currency in circulation, together with demand deposits, is a component of narrow money which movements are of special … interest for policy makers. There are several relevant indicators showing the relative significance of the currency in … circulation in particular economy, among which the most important ones are: 1/ share of currency in circulation in money supply …

convergence across LAC countries. Argentina defines the frontier in LAC and TFP convergence is found across all South American …

and sufficient condition for convergence to consensus and characterize outcomes where the society ends up polarized. Our … some extent. We provide an analysis of the speed of convergence and the possible outcomes of the process. Furthermore, we …

Divergent macro-economic developments within a currency area can lead to undesired distortions. That is why in the … Eurozone much attention was drawn to the homogeneity of the currency area. However, at the beginning the Eurozone seemed to be … too heterogeneous for a common currency. So many hopes relied on a convergent development under the common currency so …