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This article examines the association between trade and financial linkages among 18 European countries. 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...
Persistent link: https://www.econbiz.de/10010970364
Does exchange rate variability affect the speed of external adjustment? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably,...
Persistent link: https://www.econbiz.de/10010851008
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...
Persistent link: https://www.econbiz.de/10010877639
Hosting a mega-event is a costly activity of short duration. Still, cities frequently compete to become host of all types of events. This paper examines the effect of staging the largest and most important sporting event in the world, the Summer Olympic Games, on the host city. Applying a...
Persistent link: https://www.econbiz.de/10010877900
In 1992 the European Single Market was to have been completed. But there is still no truly integrated market in many fields — the EC has to overcome many obstacles yet to make this happen. Based on different EU integration indexes, it is shown that internal market integration has developed...
Persistent link: https://www.econbiz.de/10011001029
We investigate the effect of economic integration agreements on the stability of international trade at the 4 digit SITC level. Using annual trade data for over 180 countries from 1962 to 2005 we examine how economic integration agreements affect the length of trade relationships, the volume at...
Persistent link: https://www.econbiz.de/10010957971
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Persistent link: https://www.econbiz.de/10005378796
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data set that characterizes Monetary Policy Committees...
Persistent link: https://www.econbiz.de/10005212630
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