The introduction of the Euro has been accompanied by the hope that intra-EMU trade would increase and that prices would converge due to increased elasticities of international substitution. This paper contributes to the literature on the Euro’s effects on international trade by analyzing price...

The introduction of the Euro has been accompanied by the hope that international competition between EMU member states would increase due to higher price transparency. This paper contributes to the literature by analyzing price elasticities in international trade flows between Germany and France...

Die ausufernde Verschuldung insbesondere der südeuropäischen Mitgliedstaaten stellt die Europäische Währungsunion (EWU) derzeit vor große Herausforderungen. Während über lange Zeit Einigkeit darüber herrschte, den vollständigen Erhalt der Währungsunion mit einem milliardenschweren...

The concept of integrated stochastic processes is widely used in empirical macroeconomics; and cointegration analysis is an important framework to analyze economic time series both in single equation and in system approaches. This framework is not only suited to study the relationships between...