A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro …-effect directly from data that include EMU observations. Using a dynamic panel model for annual bilateral exports, we find that the …

European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …

European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …

EMU economies, taking into account aggregate bilateral exports of 23 OECD countries for the sample period 1988-2003. In …