Gunnella, Vanessa; Lebastard, Laura; López-García, Paloma - 2021
had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al …., 2008). Since then, six more countries have joined the euro area, and firms have internationalised their production … processes. These two phenomena are interrelated and may have changed the way the common currency affects the euro area economy …