During the 1990’s a number of essays have explored the possible effects of an European Monetary Union (EMU) in the weakest areas and the South of Italy. In particular, these studies have started a debate on the hypothesis that a common currency could help solving the “Southern Question” (“Questione meridionale”) – a debate raising both optimistic and pessimistic answers. Firstly, the proposed article reconstructs such debate on the effects of a common currency for the southern economy. Secondly, it tries to produce a ex-post analysis in order to understand whether a convergence process has been started. This analysis shows that the South of Italy, with the exclusion of Abruzzo, in the years the unification process began, has converged towards the North in terms of wealth per capita.
The First Ten Years Since the Adoption of EMU: an Ex-post Assessment on the Process of Convergence of Southern and Central-Northern Italy
CENTORRINO, Mario;OFRIA, Ferdinando
2012-01-01
Abstract
During the 1990’s a number of essays have explored the possible effects of an European Monetary Union (EMU) in the weakest areas and the South of Italy. In particular, these studies have started a debate on the hypothesis that a common currency could help solving the “Southern Question” (“Questione meridionale”) – a debate raising both optimistic and pessimistic answers. Firstly, the proposed article reconstructs such debate on the effects of a common currency for the southern economy. Secondly, it tries to produce a ex-post analysis in order to understand whether a convergence process has been started. This analysis shows that the South of Italy, with the exclusion of Abruzzo, in the years the unification process began, has converged towards the North in terms of wealth per capita.Pubblicazioni consigliate
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