Resource title

Enlarging the EMU to the East: what effects on trade?

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Resource description

The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results indicate that the common currency has boosted intra-EMU imports by 7%.Under the assumption that the same relationship between the explanatory variables and imports will hold for EMU-CEEC trade,we are able to predict the future impact of the euro. Our findings suggest that except for the least integrated countries,Poland, Latvia and Lithuania, all CEECs can expect increases in the EMU-12 import share.

Resource author

Ansgar Belke, Julia Spies

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26786

Resource license

Adapt according to the presented license agreement and reference the original author.