Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286689 
Year of Publication: 
2023
Citation: 
[Journal:] CES Working Papers [ISSN:] 2067-7693 [Volume:] 15 [Issue:] 1 [Year:] 2023 [Pages:] 15-33
Publisher: 
Alexandru Ioan Cuza University of Iasi, Centre for European Studies, Iasi
Abstract: 
The COVID-19 pandemic has placed the European Monetary Union (EMU) in front of a new economic reality. All the health restrictions enforced at the EU level had repercussions on the real convergence of the Eurozone. In the present article, we aimed to observe how real convergence in the Euro area was affected by the analysis of the main economic indicators extracted from the scientific literature. Furthermore, we created an aggregate index of real convergence to determine how it was affected during the pandemic period. We put all this analysis in the context of the effects arising as a result of the pandemic and the various measures implemented at the union level for economic recovery. In the proposed article, we conclude that following the pandemic period, EMU member states abandoned the real convergence criterion. The main policy recommendation emerges from this conclusion: the need for coordination at the EMU level regarding all economic and financial policies adopted.
Subjects: 
pandemic crisis
economic crisis
real convergence
euro zone
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
492.35 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.