Baldwin, Richard; DiNino, Virginia; Fontagné, Lionel; … - Directorate-General Economic and Financial Affairs, … - 2008
advance in our understanding of how a common currency affects economic activity. When it comes to the euro's trade effects …, we confirm the received wisdom that the euro has promoted trade significantly, with the aggregate impact being in the … euro was boosting trade. The euro boosted trade inside the Eurozone since it lowered the relative price of traded goods …