Cieślik, Andrzej; Michałek, Jan Jakub; Mycielski, Jerzy - In: Bank i Kredyt 45 (2014) 4, pp. 331-348
In this paper we estimate the trade effects of the euro adoption in countries that joined the European Union in 2004. We employ a generalized gravity model that controls for an extended set of trade theory and policy variables. Trade theory variables include both the country size and factor...