devoted to studying the convergence path of these reforms. While Abiad and Mody (Am Econ Rev 95:66–88, <CitationRef CitationID …-series evidence on the convergence of financial reforms both across and within regions, which can also act as a metric to measure the …

. There are several theoretical avenues whereby the geographic convergence of these variables and the observed inflation … convergence could be related. We also relate the common factor in inflation obtained to some potential explanatory variables …