Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area enlargement ; convergence … the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic … development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on …

the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic … development as measured by per capita income and the speed of real convergence have a bearing on the strategies to follow and on … to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating …