This paper provides an update of de Nardis and Vicarelli (2003) estimates of the euro effect on trade integration of EMU economies, taking into account aggregate bilateral exports of 23 OECD countries for the sample period 1988-2003. In this paper we utilize the dynamic panel data estimator...

In this paper we study the effect of the single currency across industries for Euro Area members. This analysis may help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these factors are specific to individual sectors and/or countries or...

The global slowdown has tested the effectiveness of the European institutional frameworks in supporting both stability and growth which led to a number of proposals for reform regarding the institutional design of the European Union and on the relationship between the goal of fiscal discipline...