Baldwin, Richard E.; Di Nino, Virginia; Fontagné, … - 2008
The introduction of the euro opens the door to a major advance in our understanding of how a common currency affects …. Regarding the euro's trade effects we confirm the received wisdom that the euro has promoted trade significantly, with the … aggregate impact being in the range of 5% or so. Then, we refine our understanding of exact how the euro was boosting trade by …