Economic crisis and convergence in the Eurozone countries
| Autor: | Catalina Gálvez, Carmen Gómez, Ana González, Jesus Ferreiro |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
convergence
050208 finance lcsh:Economic theory. Demography 05 social sciences Convergence (economics) International economics Monetary economics economic crisis lcsh:HB1-3840 0502 economics and business 8. Economic growth Financial crisis Economics Eurozone 050207 economics sigma-convergence General Economics Econometrics and Finance |
| Zdroj: | Panoeconomicus, Vol 64, Iss 2, Pp 223-244 (2017) |
| ISSN: | 2217-2386 1452-595X |
| DOI: | 10.2298/pan1702223f |
| Popis: | 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). Key words: Economic crisis, Eurozone, Convergence, Sigma-convergence.JEL: F15, F45, O52. Iako slicne strukturalne karakteristike koje smanjuju pojavu i ucestalost asimetricnih sokova predstavljaju kljucni uslov za stvaranje monetarne unije, u slucaju Evrozone, u vecini studija, ako ne i svim, naglasava se postojanje znacajne divergencije u makroekonomskim performansama i u strukturalnim elementima zemalja Evrozone. Rad ima za cilj da analizira da li je ekonomska i finansijska kriza koja pogađa Evrozonu od 2008. godine imala uticaja na koherentnost Evrozone, odnosno, da li nakon 2008. godine razlike u makroekonomskim performansama zemalja Evrozone opadaju (konvergencija) ili se povecavaju (divergencija). Kljucne reci: Ekonomska kriza, Evrozona, konvergencija, sigma-konvergencija. |
| Databáze: | OpenAIRE |
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