Economic Crisis and Convergence in the Eurozone Countries
Jesus Ferreiro (),
Catalina Gálvez (),
Carmen Gómez () and
Ana González Flores
Additional contact information
Catalina Gálvez: University of the Basque Country UPV/EHU, Department of Applied Economics V, Spain
Carmen Gómez: University of the Basque Country UPV/EHU, Department of Applied Economics V, Spain
Panoeconomicus, 2017, vol. 64, issue 2, 223-244
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 differencesin the macroeconomic performance of the euro counties are declining (convergence) or increasing (divergence).
Keywords: Economic crisis; Eurozone; Convergence; Sigma-convergence (search for similar items in EconPapers)
JEL-codes: F15 F45 O52 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.panoeconomicus.rs/casopis/2017_2/Panoec ... ial%20Issue%2005.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:voj:journl:v:64:y:2017:i:2:p:223-244
Access Statistics for this article
Panoeconomicus is currently edited by Kosta Josifidis
More articles in Panoeconomicus from Savez ekonomista Vojvodine, Novi Sad, Serbia
Bibliographic data for series maintained by Ivana Horvat ( this e-mail address is bad, please contact ).