The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency … had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al …., 2008). Since then, six more countries have joined the euro area, and firms have internationalised their production …

This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous … show a statistically insignificant euro's effect on bilateral exports. However, disaggregating this effect, we report a … relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus …

average more concentrated than those among countries which do not share the euro. Central to this outcome is that some … economic integration agreements, such as the euro, may lead to a drop in not only trade but horizontal FDI costs as well …

This paper examines the impact of European Economic and Monetary Union (EMU) on trade within the euro area. Using panel … data for 22 industrial countries, the analysis estimates the effect of the euro`s arrival on area-wide trade compared to …

last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … euro by Russian residents and authorities in international transactions has increased, albeit at an uneven pace. While, in … general, the US dollar remains the major foreign currency used by Russian residents, the euro has gained importance as an …

last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … euro by Russian residents and authorities in international transactions has increased, albeit at an uneven pace. While, in … general, the US dollar remains the major foreign currency used by Russian residents, the euro has gained importance as an …