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Friends Without Benefits? New EMU Members and the “Euro Effect” on Trade

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Original languageEnglish
TypeESE Focus Paper
PublisherEdinburgh School of Economics Focus Paper Series
Number of pages2
StatePublished - Apr 2016

Publication series

NameESE Focus Papers
No.18

Abstract

Increased trade integration is considered one of the economic benefits of joining European Monetary Union (EMU). The analysis of trade effects of currency unions peaked around the time of the introduction of the euro in the early 2000s. For this reason, we re-visited the evidence on the effect of the euro on trade, focusing on countries which joined the currency area in recent years. While there may an array of benefits stemming from Eurozone membership, our findings suggest that Eurozone accession is not likely to bring about a significant trade boost.

    Research areas

  • euro, trade, gravity, poisson

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