Has the European Monetary System led to more exports? Evidence from four European Union countries

@article{Fountas1999HasTE,
  title={Has the European Monetary System led to more exports? Evidence from four European Union countries},
  author={Stilianos Fountas and K. Aristotelous},
  journal={Economics Letters},
  year={1999},
  volume={62},
  pages={357-363}
}
Abstract We attempt to investigate whether the Exchange Rate Mechanism (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-European Union trade. 

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