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Estimating the currency union effect on trade has been a contentious topic, with a wide range of estimates on the true size of gains. One fundamental issue underlying many estimates is the lack of a accurate control group against which to compare outcomes, making it hard to understand the degree...
Persistent link: https://www.econbiz.de/10012891914
We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated consumer price index (CPI) data we confirm...
Persistent link: https://www.econbiz.de/10009767676
After joining the EU in 1995, uncertainties over the future legal and administrative system remained latent. But there … feasible policy responses also in adverse circumstances. Austria was striving to become an active Member of the EU, mirrored in … the early preparation of the Austrian presidency of the EU in the second half of 1998. In accordance with the policy …
Persistent link: https://www.econbiz.de/10013123478
flows and bank flows. Only in Latvia was there any relative wage adjustment. Intra-EU migration has increased, but is more … costly for those involved in the EU (than in the USA). Net federal financing helped Arizona and Latvia in the crisis, but not … adjustment in Arizona and Latvia. The latter reinforces the case for an EU banking union …
Persistent link: https://www.econbiz.de/10013098836
novel dataset on bilateral trade between EU regions, I find evidence of demand-driven spillovers up to three years after a …
Persistent link: https://www.econbiz.de/10012978861
This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called "Rose Effect", while the second is the "Border Effect". The former measures how much a country within a currency union trades more with its partners than with...
Persistent link: https://www.econbiz.de/10003790947
This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called “Rose Effect”, while the second is the “Border Effect”. The former measures how much a country within a currency union trades more with its partners than with...
Persistent link: https://www.econbiz.de/10013154597
This paper estimates a gravity model of trade to evaluate the trade effects of the Euro on sectoral trade within the Euro Zone, the CFA Franc Zone and between the Eurozone and the CFA Franc Zone, when CFA countries acquired fixed rates against the non-francophone Eurozone members. The formation...
Persistent link: https://www.econbiz.de/10012957046
This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the so-called quot;Rose Effectquot;, while the second is the quot;Border Effectquot;. The former measures how much a country within a currency union trades more with its partners...
Persistent link: https://www.econbiz.de/10012770431
. In order to implement a common monetary and economic policy for the European Union (EU), the EEMU was created as a …
Persistent link: https://www.econbiz.de/10012212663