What is the EMU Effect on the UKs Exports to Eurozone Countries?

This paper investigates the EMU effect on the UK's exports to eurozone countries, using pooled data from 1981-2006 between the UK and all EU members at the time when the euro was launched. The results show that EMU led to a decrease in the UK's exports to the countries that adopted the euro as their national currency. That decrease is statistically different from zero.