Zooming out: The trade effect of the euro in historical perspective

被引：76
作者：
Berger, Helge [1 ,2 ]
Nitsch, Volker [1 ,2 ,3 ]
机构：
[1] Free Univ Berlin, D-14195 Berlin, Germany
[2] CESifo, Dept Econ, D-14195 Berlin, Germany
[3] ETH, KOF Swiss Econ Inst, CH-8092 Zurich, Switzerland
来源：
JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 2008年 / 27卷 / 08期
关键词：
Monetary union; Currency; Euro; Trade; European integration;
D O I：
10.1016/j.jimonfin.2008.07.005
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we put the trade effect of the euro in historical perspective. Using a data set that includes 22 industrial countries from 1948 to 2003, we find strong evidence of a gradual increase in trade intensity between European countries over time. Once we control for this trend in trade integration, the euro's impact on trade disappears. Moreover, a significant part of the trend in European trade integration is associated with measurable policy changes in areas such as exchange rate policy and institutional integration. (C) 2008 Elsevier Ltd. All rights reserved.
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收藏
页码：1244 / 1260
页数：17
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