had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al … revisits the trade effects of the euro, focusing on the newer euro adopters (i.e. those countries that have adopted the euro … is twofold. First, it revisits the estimated aggregate impact of the euro on euro area trade, as well as on trade within …

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation … that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect … of currency unions on international trade. While we estimate that currency unions are associated with a trade increase of …

equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted … currency union effect, I find that a currency union is only associated with substantially higher bilateral trade if the …

The first objective of this paper is to present theoretical approaches to the impact of trade growth (induced by … the lack of an autonomous monetary policy depend on intra-industry trade (IIT) intensity rather than on general trade … susceptibility to asymmetric shocks transmitted mostly through trade channels) - preparedness of the Polish economy to the euro …

This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

parallel trade. Our innovation is to consider both domestic trade, where trading costs are relatively low, and international … trade, where trading costs are relatively high. If trading costs decline, the model predicts price divergence in the former …

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … a country with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the … literature, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

countries to 31 OECD countries over the period 1995-2015. We specifically emphasise the effect of regional trade agreements such … as the European Union (EU) and the North American Free Trade Area (NAFTA) along with membership of the Currency Union … that follow from the application of the gravity model. We look at the effects of the North American Free Trade Area on …