Has the European Monetary System Led to More Exports? Evidence from Four European Union Countries

Stilianos Fountas and Kyriacos Aristotelous
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Kyriacos Aristotelous: Department of Economics, National University of Ireland, Galway

No 31, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: We attempt to investigate whether the ERM period has coincided with an increase in intra-EU exports. We conclude that this has not been the case but it is likely that the elimination of nominal exchange rate variability arising from a single currency will boost intra-EU trade.

JEL-codes: F31 (search for similar items in EconPapers)
Date: 1998, Revised 1998
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Published in Economics Letters, Vol. 62, No. 3, 1999

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