Kruse, Robinson; Hiller, Sanne - School of Economics and Management, University of Aarhus - 2010
The European integration process has removed barriers to trade within Europe. We analyze which integration step has … breaks. Highly open economies gain from both, monetary and real integration. In sharp contrast, less open economies do not … benefit from real integration and even suffer from monetary integration. The major milestones for France, Germany, Italy and …