The Euro at ten: Why do effects on trade between members appear smaller than historical estimates among smaller countries?

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Series Details 24.12.08
Publication Date 24/12/2008
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Trade among euro members has increased 10-15% since the introduction of the euro, a far smaller effect than estimated prior to the currency's introduction. What explains the discrepancy between the European experience and previous history? This column explores the difficulty of explaining the difference.

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Source Link http://www.voxeu.org/index.php?q=node/2736
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