This paper investigates whether Europe is converging towards becoming an optimum currency area. To this end, a … and the money market over time. Inferences on historical convergence are drawn for the EU15, the 11 countries originally … results indicate significant convergence across the EU.  …

Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … establishment of the single market and the adoption of the euro by around half the countries as their single currency. In this study … the coefficient of variation. The results show little evidence of price convergence for non-residential construction for …