Abstract
We attempt to investigate whether the Exchange Rate Mechanism (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-European Union trade.
| Original language | English |
|---|---|
| Pages (from-to) | 357-363 |
| Number of pages | 7 |
| Journal | Economics Letters |
| Volume | 62 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Mar 1999 |
Keywords
- EMS
- Exchange rate regime
- Exchange rate variability
- F31
- F33
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