THE EURO ’ S TRADE EFFECTS , RICHARD BALDWIN 1 In or out : does it make a difference ? An evidence based analysis of the trade effects of the euro

@inproceedings{Baldwin2006THEE,
  title={THE EURO ’ S TRADE EFFECTS , RICHARD BALDWIN 1 In or out : does it make a difference ? An evidence based analysis of the trade effects of the euro},
  author={Richard E. Baldwin},
  year={2006}
}
Economics played little role in the decision to create the euro – politics was king. Going forward, however, economics moves to centre stage. Should the Eurozone worry about admitting new members who are very economically different from incumbents? What are the costs and benefits of euro-adoption for potential joiners? Are the famous Maastricht Criteria the right economic tests for potential members? How worried should the European Central Bank be about unsynchronised booms and busts in the… CONTINUE READING
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