Darvas, Zsolt; Szapáry, György - Directorate-General Economic and Financial Affairs, … - 2008
and timing of euro adoption. We investigate 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 … argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching …