Belke, Ansgar (contributor); Spies, Julia (contributor) - 2008
economic integration among the Euro area countries over the past five
decades, Berger and Nitsch (2005) find the EMU effect … 1990s
3
, sharing a
common currency may further deepen real economic integration – directly
through reduced trade costs … INTEGRATION
2.1 Stylized facts
We start with some stylized facts concerning trade flows between the Euro
area and the …