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Creation and evolution of European economic and monetary union : lessons for Asian economic integration
Subramanian, Muthurangam; Taghizadeh-Hesary, Farhad; … - 2020
. In order to implement a common monetary and economic policy for the European Union (EU), the EEMU was created as a …
Persistent link: https://www.econbiz.de/10012212663
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The end of grand expectations : monetary and financial integration after the crisis in Europe
Dieter, Heribert - 2014
The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
Persistent link: https://www.econbiz.de/10010367480
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In the neighbourhood : the trade effects of the Euro in a spatial framework
Kelejian, Harry H.; Petroulas, Pavlos; Tavlas, G. S. - 2022
significantly reduced and are only “borderline” significant. Also, dummy variables measuring the effects of EU membership on exports …
Persistent link: https://www.econbiz.de/10014079873
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Zooming Out : The Trade Effect of the Euro in Historical Perspective
Berger, Helge; Nitsch, Volker - 2021
In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national … itself) to a sizable and statistically significant increase in trade between the member countries of EMU. In this paper, we … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or …
Persistent link: https://www.econbiz.de/10013318615
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European Integration : What Lessons for Other Regions? The Case of Latin America
Dorrucci, Ettore; Firpo, Stefano; Fratzscher, Marcel; … - 2021
America. Several indicators of institutional and economic integration for both the EU and Latin America are presented. We find … than the EU at the beginning of its regional integration process. A cluster analysis illustrates that the link between … institutional and economic integration has worked both ways throughout the whole EU experience. The more institutional integration …
Persistent link: https://www.econbiz.de/10013320190
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Assessing the impact of European integration on sectoral trade in services
Behncke, Nadine - 2013
The present paper contributes to the existing literature analyzing the relationship between intra EU trade in services … and European Integration by taking into consideration a potential endogeneity bias of the EU dummy and a correct … of the sectoral EU-effects over time shows that exports of EDV and OBS have steadily increased due to European …
Persistent link: https://www.econbiz.de/10011374315
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Institutions, trade, and integration : what can be expected within the enlarged EU?
Fuchs, Michaela; Wohlrabe, Klaus - 2008
This paper investigates the potential for a further increase in trade between the fifteen old EU members and the twelve … level of the EU-15 in accordance with the Acquis Communautaire. To this aim we estimate a gravity model applying both static … towards EU standards. -- European integration ; institutions ; gravity model ; trade potential …
Persistent link: https://www.econbiz.de/10003841919
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European integration and the gains from trade
Ottaviano, Gianmarco I. P. - 2014
This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European integration. On the one hand, it argues that NQTMs have indeed...
Persistent link: https://www.econbiz.de/10010411278
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On the Bilateral Trade Effects of Free Trade Agreements between the EU-15 and the CEEC-4 Countries
Caporale, Guglielmo Maria - 2008
Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … with the EU was signed exceeded trade growth of the control group of countries which did not become members …
Persistent link: https://www.econbiz.de/10012769922
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On the Trade Balance Effects of Free Trade Agreements between the EU-15 and the CEEC-4 Countries
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2008
Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU …
Persistent link: https://www.econbiz.de/10014217202