Economic crisis and convergence in the Eurozone countries

Although a key condition for the creation of a monetary union is the existence of similar structural characteristics that reduce the existence and incidence of asymmetric shocks, in the case of the Eurozone, most, if not all, studies have emphasized the existence of sizeable divergences both in the...

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Published in:Panoeconomicus 2017, Vol.64 (2), p.223-244
Main Authors: Ferreiro, Jesús, Gálvez, Catalina, Gómez, Carmen, González, Ana
Format: Article
Language:English
Subjects:
Business cycles
Central banks
Coherence
Convergence
Counties
Economic crisis
Economic policy
European Monetary Union
Eurozone
Evolution
GDP
Gross Domestic Product
Growth rate
Impact analysis
Income distribution
Macroeconomics
Monetary policy
Monetary unions
Recessions
sigma-convergence
Standard deviation
Studies
Variables
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container_title Panoeconomicus
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creator Ferreiro, Jesús
Gálvez, Catalina
Gómez, Carmen
González, Ana
description Although a key condition for the creation of a monetary union is the existence of similar structural characteristics that reduce the existence and incidence of asymmetric shocks, in the case of the Eurozone, most, if not all, studies have emphasized the existence of sizeable divergences both in the macroeconomic performances and in the structural elements of the Eurozone countries. The objective of the paper is to analyse whether the economic and financial crisis that is affecting the Eurozone since the year 2008 has had any impact of the coherence of the Eurozone, that is, whether after 2008 the differences in the macroeconomic performance of the euro counties are declining (convergence) or increasing (divergence). nema
doi_str_mv 10.2298/PAN1702223F
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source EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); Publicly Available Content Database (Proquest) (PQ_SDU_P3); ABI/INFORM Global; PAIS Index
subjects Business cycles
Central banks
Coherence
Convergence
Counties
Economic crisis
Economic policy
European Monetary Union
Eurozone
Evolution
GDP
Gross Domestic Product
Growth rate
Impact analysis
Income distribution
Macroeconomics
Monetary policy
Monetary unions
Recessions
sigma-convergence
Standard deviation
Studies
Variables
title Economic crisis and convergence in the Eurozone countries
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