The influence of the COVID-19 pandemic crisis on the real convergence of the member states of the European Monetary Union
Tudor – Mugurel Aursulesei
Junior Scientific Researcher, 2023, vol. 9, issue 1-2, 1-10
Abstract:
In this scientific paper, we will start from the COVID-19 pandemic crisis and try to highlight how the real convergence of the euro area member states was influenced during this period as a result of the implementation of various measures to limit economic activities. We propose to create an aggregate index of real convergence, starting from the theory of optimal monetary zones. After the construction of this index, we propose to calculate an index value for all 20 member states of the European Monetary Union (including Croatia), in the period 20112022. Our aim is to observe how real convergence in the euro area has been influenced during the COVID-19 pandemic crisis. Something that can be easily concluded from the results obtained. At the end of the article, we manage to classify the member states of the European Monetary Union into 3 large clusters, depending on how their convergence index is compared to that of the euro zone average.
Keywords: convergence index; COVID-19; economic crisis; Eurozone; pandemic crisis; real convergence. (search for similar items in EconPapers)
JEL-codes: E32 E52 F15 F45 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.jsrpublishing.com/userfiles/files/arch ... .1_2_Vol.9__2023.pdf (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:jsr:journl:v:9:y:2023:i:1-2:p:1-10
Access Statistics for this article
Junior Scientific Researcher is currently edited by Aluculesei Alina-Cerasela
More articles in Junior Scientific Researcher from SC Research Publishing SRL
Bibliographic data for series maintained by Aluculesei Alina-Cerasela ().