Corpus ID: 154137270

Trade Effects of the Euro: Evidence from Sectoral Data

@article{Baldwin2005TradeEO,
  title={Trade Effects of the Euro: Evidence from Sectoral Data},
  author={R. E. Baldwin and Frauke Skudelny and D. Taglioni},
  journal={European Central Bank Research Paper Series},
  year={2005}
}
  • R. E. Baldwin, Frauke Skudelny, D. Taglioni
  • Published 2005
  • Economics
  • European Central Bank Research Paper Series
  • This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by the large amounts found in the empirical literature. Second, we propose a sectoral dataset to test the insights from the theory. Our theoretical model shows that in a monopolistic competition set-up, the effect of exchange rate uncertainty on trade has nonlinear features, suggesting that EMU and a… CONTINUE READING
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