Bugamelli, Matteo; Schivardi, Fabiano; Zizza, Roberta - 2009
euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream and downstream …