Fountas, Stilianos; Aristotelous, Kyriacos - In: Journal of Economic Integration 20 (2005), pp. 567-589
We employ the econometric techniques of multivariate cointegration and error-correction models to investigate the impact of the creation of the European Monetary System (EMS) on the volume of intra-European Union (EU) exports for eight EU countries. We find that for Ireland the EMS boosted the...