Has the European Monetary System Led to More Exports? Evidence from Four European Union Countries
We attempt to investigate whether the ERM period has coincided with an increase in intra-EU exports. We conclude that this has not been the case but it is likely that the elimination of nominal exchange rate variability arising from a single currency will boost intra-EU trade.
|Date of creation:||1998|
|Date of revision:||1998|
|Publication status:||Published in Economics Letters, Vol. 62, No. 3, 1999|
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