Corpus ID: 154640942

The Euro's Trade Effects

  title={The Euro's Trade Effects},
  author={R. E. Baldwin},
  journal={European Finance},
  • R. E. Baldwin
  • Published 2006
  • Economics
  • European Finance
  • This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten percent. The paper discusses a gamut of models that might explain the Rose effect in Europe and suggests a series of empirical test that could help identify the economic mechanisms involved. JEL Classification: F12… CONTINUE READING
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