Evidence on the static integration effects of the euro in the first years is difficult to identify. Changes in price differences and trade volumes before and after 1999 hardly show up and may require more time to become visible, although there tend to be considerable differences between euro and...

This paper estimates welfare effects resulting from reduced transaction costs in international trade, using a static multiregional general equilibrium model. The kernel of the model is the trade part specified in Dixit-Stiglitz-style. Interregional trade shows a gravity pattern due to...

In this paper the differences that the single currency might make to the regions of countries within the euro-zone are considered. It is still too early for much evidence to be available about the effects of EMU. Therefore the discussion is concerned mainly with what theoretical considerations...

Evidence on the static integration effects of the euro in the first years is difficult to identify. Changes in price differences and trade volumes before and after 1999 hardly show up and may require more time to become visible, although there tend to be considerable differences between euro and...

In this paper the differences that the single currency might make to the regions of countries within the euro-zone are considered. It is still too early for much evidence to be available about the effects of EMU. Therefore the discussion is concerned mainly with what theoretical considerations...

This paper estimates welfare effects resulting from reduced transaction costs in international trade, using a static multiregional general equilibrium model. The kernel of the model is the trade part specified in Dixit-Stiglitz-style. Interregional trade shows a gravity pattern due to...