Guillou, Sarah; Nesta, Lionel - Sciences économiques, Sciences Po - 2015
We investigate the effects of the establishment of the euro on the markups of French manufacturing firms. Merging firm … other firms between 1995 and 2007. We find that the establishment of the euro has had a pronounced pro-competitive impact by … reducing firm markups by 14 percentage points. By reducing export costs, the euro represented an opportunity for eurozone …