already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining … potential positive effects of inflation along the convergence path. In a more general perspective the paper contributes to a …

Estonia with the EU-15 and the former accession countries. It gives an overview of the nominal convergence according to the … rules laid down by EC Treaty on EMU convergence criteria. In the context of real convergence the set of criteria provided by … the theory of Optimum Currency Areas are analysed, as these are expected to be fulfilled in order to guarantee …

. Convergence occurred in two spells, in 1960u009673 and 1986u00962001, with an interim period of stagnation. In this paper, we … analyse both s and b convergence and discuss the impact of EU membership, trade and investment. We also analyse how seven … growth in the accession countries. Still, the experience of the EU15 countries shows that convergence cannot be taken for …

The 2005 update of the Danish convergence programme, covering the period up to 2010, was submitted to the Commission on … broadly follows the model structure for stability and convergence programmes specified in the new code of conduct. …