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...

In the post-accession period, a common feature of the international agri-food trade of the new Member States was a significant increase in the volume and value of export and import flows, thus contributing to the increase in intra- and extra-Community trade. Despite these increases in total...

Agriculture occupies an important place in the Romanian economy, helping to provide food to the population from internal sources and facilitating links with secondary sectors. In recent years, the grain sector has seen a trend of growth in areas cultivated with rapeseed among the farm, this...

A growing number of recent research analyse the trade balance impact on economic growth. However, ambiguous results of studies imply the need for the research as the deteriorating trade balance hinders economic growth. This research aims to investigate the impact of the trade balance on economic...

We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....