clear tradeoff between the expected frequency and average duration of ZLB events along the boundary of the convergence …

in terms of GDP growth. The author also provides the speed of convergence and time required to achieve a 100 percent … convergence. Findings – But for financial intermediary size within the CFA zone, findings, for the most part, support only … unconditional convergence. There is no form of convergence within the CEMAC zone. Practical implications – The broad insignificance …

-called real convergence accompanies nominal convergence, and that there is synergy rather than a trade-off between the two. The … incumbents should replace their 'don't rush' advice by active encouragement of NMS to proceed with fast nominal convergence in …

convergence, then growth, say, from technological progress will be lower than we find in the data and, hence, r ∗ will be lower …. Ignoring convergence upwardly biases our estimates of r ∗ . We extend the New Keynesian small open economy model to take … account of convergence. The model is estimated with Bayesian techniques for four emerging economies in Central and Eastern …

The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries … convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with … exchange rate convergence within the ERM and ERM2 period. …