Zooming out: The trade effect of the euro in historical perspective

Helge Berger () and Volker Nitsch

Journal of International Money and Finance, 2008, vol. 27, issue 8, 1244-1260

Abstract: In this paper, we put the trade effect of the euro in historical perspective. Using a data set that includes 22 industrial countries from 1948 to 2003, we find strong evidence of a gradual increase in trade intensity between European countries over time. Once we control for this trend in trade integration, the euro's impact on trade disappears. Moreover, a significant part of the trend in European trade integration is associated with measurable policy changes in areas such as exchange rate policy and institutional integration.

Keywords: Monetary; union; Currency; Euro; Trade; European; integration (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (153)

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Related works:
Working Paper: Zooming Out: The Trade Effect of the Euro in Historical Perspective (2008)
Working Paper: Zooming Out: The Trade Effect of the Euro in Historical Perspective (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:27:y:2008:i:8:p:1244-1260

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