When partial correlation between growth in income over time and its initial level is negative, there is

Points: 1

1. Sigma convergence
2. Divergence
3. Conditional convergence
4. Beta convergence
5. All of the above

If a developing country institutes a currency board, it relinquishes control over having

Points: 1

1. freedom of labour movement
2. freedom of capital movement
3. all of its funds
4. monetary policy autonomy
5. exchange rate stability