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The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by monetary integration) on business cycle synchronization which is an important factor of a country's readiness for a currency union accession. The main conclusion from the first part...
Persistent link: https://www.econbiz.de/10012026961
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for such bilateral misalignment, we disentangle the conventional trade cost channel and trade effects...
Persistent link: https://www.econbiz.de/10014195259
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for such bilateral misalignment, we disentangle the conventional trade cost channel and trade effects...
Persistent link: https://www.econbiz.de/10010300380
The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced trade barriers linked to the single cur-rency. We use in this evaluation a gravity model for trade in Europe derived and estimated in the paper, and the estimates of trade barriers...
Persistent link: https://www.econbiz.de/10010326906
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for such bilateral misalignment, we disentangle the conventional trade cost channel and trade effects...
Persistent link: https://www.econbiz.de/10003961504
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for such bilateral misalignment, we disentangle the conventional microeconomic trade...
Persistent link: https://www.econbiz.de/10009530354
The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced trade barriers linked to the single cur-rency. We use in this evaluation a gravity model for trade in Europe derived and estimated in the paper, and the estimates of trade barriers...
Persistent link: https://www.econbiz.de/10008938626
We regularly witness the increasing involvement of the European Union in our daily lives. The presence of the EU is … strongly felt in the media space, but also through the effect of EU law. Lawyers are a special group of people who are … particularly acquainted with and apply European law. Their attitudes towards EU law and EU activities also influence the general …
Persistent link: https://www.econbiz.de/10014244416
Evaluierungsstudie zu den Dimensionen und Auswirkungen eines Freihandelsabkommen zwischen der EU und den USA durchgeführt. Die Studie …, which analyzes the dimensions and impact of a free trade agreement between the USA and the EU. Accordingly, a comprehensive …
Persistent link: https://www.econbiz.de/10010511685
Persistent link: https://www.econbiz.de/10010526457