Berger, Helge; Nitsch, Volker - International Monetary Fund (IMF) - 2010
over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs of countries … or in the overall trade competitiveness of individual countries. This is consistent with indications that pair-wise trade …