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In this paper we estimate the early effect of the European Monetary Union (EMU) on trade. We use a panel data set that includes the most recent information on bilateral trade for 22 developed countries from 1992 through 2002. During this period 12 European countries formally entered into a...
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diversion for non-Eurozone EU members with sizeable overall increase comparable to that of members …
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diversion for non-Eurozone EU members with sizeable overall increase comparable to that of members …
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