Has the introduction of a common currency(Euro) LED to the convergence of EU countries?
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Show full item recordcomunitat-uji-handle:10234/158176
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comunitat-uji-handle3:10234/111700
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Title
Has the introduction of a common currency(Euro) LED to the convergence of EU countries?Author (s)
Tutor/Supervisor; University.Department
Feriozzi, Fabio; Universitat Jaume I. Departament d'EconomiaDate
2022-12-02Publisher
Universitat Jaume IAbstract
Has the introduction of a common currency (EURO) led to the
convergence of EU countries? A review in the EU context. In this paper I try to answer
this question by analysing different papers provided by the literature, ... [+]
Has the introduction of a common currency (EURO) led to the
convergence of EU countries? A review in the EU context. In this paper I try to answer
this question by analysing different papers provided by the literature, focusing on the
Total Factor Productivity (TFP) as an important component explaining differences per
capita income across countries and the local allocation of production factors. Relying
on the theories of Optimum Currency Areas (OCA), I conclude that the introduction of a
common currency in the EU context has not led to convergence of EU countries over
time and that differences between rich and poor EU countries remain. But I observe
some convergence “clubs” that have economic, historical and trade links before the
introduction of a common currency. In this sense, I ask whether fiscal union could be
an element of economic convergence in the European Monetary Union (EMU), and
largely in EU context. [-]
Subject
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2021/2022
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- Grau en Economia [289]