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EUC Lecture Series: The Duality of Economic Convergence in the Eurozone

Event Type
European Union Center
Lucy Ellis Lounge, 1080 Foreign Language Building (map)
Oct 11, 2013   12:00 pm  
David L Cleeton, European Union Center Visiting Scholar, Professor of Economics and Department Chair at Illinois State University
Originating Calendar
European Union Center Events

Abstract: The duality of convergence:  (1) In the Eurozone has convergence in per capita real GDP maintained the patterns and rate that was established prior to the run-up to EMU?  And if the process has changed, how so, and what dimensions?  (2) Have the macro structural relationships across Eurozone member countries been maintained following the initial phase of the financial crisis?  What about the strength of the Franco-German core in particular?  If the Eurozone is fraying around the edges, is the core strong enough to move forward on reforms by sharing common policy interests?

Bio: David L. Cleeton is a Professor of Economics and Department Chair at Illinois State University in Normal, IL.  He received his Ph.D. from Washington University – St. Louis and served in academic and leadership positions with Oberlin College, Christopher Newport University, and Ohio State University. His areas of expertise include financial economics and European economic integration with publications appearing in the American Economic Review, Public Finance Quarterly, Quarterly Review of Economics and Business, Health Care Financing Review, and Southern Economic Journal. He is a coauthor (with Nobel Laureate Robert C. Merton and Zvi Bodie) of the textbook Financial Economics. Professor Cleeton has served as Economics Department Chair and Associate Provost at Oberlin College, Dean of Social Sciences and Business at Christopher Newport University, and recently as a Visiting Professor of Finance in the Fisher College of Business at Ohio State University. He was selected as the Fulbright-Schuman Chair of EU-US Relations at the College of Europe in Bruges (Belgium) and recognized as a Fellow of the Euro Area Business Cycle Network affiliated with the Centre for Economic Policy Research in London.  Currently he serves as Co-Chair of the Political Economy Interest Section of the European Union Studies Association.

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