Are the Baltic countries ready to adopt the Euro? A generalised purchasing power parity approach by Caporale, Guglielmo Maria, Ciferri, Davide, Girardi, Alessandro

“…Using both monthly and quarterly data over the period 1993-2005, it is found that GPPP holds for the real exchange rate vis-à-vis the Euro of each Baltic country, reflecting a degree of real convergence consistent with Optimum Currency Area criteria. …”
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