Study on the impact of the euro on trade and foreign direct investment

The introduction of the euro was an immense political and symbolic step towards an integrated Europe. It was also the world's largest economic 'experiment.' This experiment opens the door to a major advance in our understanding of how a common currency affects economic activity ranging from trade and foreign direct investment to wage-setting behaviour and corporate business strategies. A series of studies stretching back to the early years of the decade have begun to piece together a wide range of results. The resulting collage is still not fully coherent, this report has moved in that direction.