Ordoñez, Guillermo; Micco, Alejandro; Stein, Ernesto - Econometric Society - 2004
In this paper we estimate the early effect of the European Monetary Union (EMU) on trade and its possible effects on the UK. We use a panel data set that includes the most recent information on bilateral trade for 22 developed countries from 1992 through 2001. After 1999, 12 European countries...