The Euro Effect on Trade is not as Large as Commonly Thought

Bun, Maurice J. G.; Klaassen, Franc

doi:10.2139/ssrn.603801

Cited by 67 publications

(109 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Extra-EMU trade accounts for approximately two-thirds of these gures. With these results, we are in line with more recent estimates of the currency union eect on trade while accounting for long-term integration trends (Bun, Maurice J. G. and Klaassen, Franc J. G. M., 2007).…”

Section: Introductionsupporting

confidence: 91%

Estonia and the European Monetary Union Are There Benefits from a 'Late' Accession?

Baas

2014

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Terms of use: Documents in Ruhr Economic Papers #489

show abstract

Section: Introductionsupporting

confidence: 91%

Estonia and the European Monetary Union Are There Benefits from a 'Late' Accession?

Baas

2014

SSRN Journal

View full text Add to dashboard Cite

show abstract

“…17 Bun and Klaassen (2007) and Berger and Nitsch (2008) also find that controlling for long-run trends in EU trade flows significantly reduces the estimated magnitude of the euro effect. However, since both papers focus on the pre-2003 period, they only reflect the experience of the early euro adopters.…”

Section: Forecasting Changes In Trade Flows After Eurozone Accessionmentioning

confidence: 91%

Friends without benefits? New EMU members and the “Euro Effect” on trade

Mika

Zymek

2018

Journal of International Money and Finance

View full text Add to dashboard Cite

show abstract

“…More recent papers demonstrate positive trade e¤ects, but they are not as large as the earlier estimates. For example, Bun and Klaassen (2007) …nd that the euro has increased trade by 3 percent and Baldwin (2006) estimates that the increase in trade is 9 percent within the euro-countries.…”

Section: The Euro and Firm Valuationsmentioning

confidence: 99%

The Euro and Corporate Valuations

2004

View full text Add to dashboard Cite

In this paper, we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-level data from seventeen European countries, of which eleven adopted the euro. We show that the introduction of the euro has increased Tobin's Q-ratios by 17.1% in the {euro-area} countries that previously had weak currencies. Part of the increase in corporate valuations is explained by the decrease in interest rates and by the decrease in the cost of equity. The increases in Tobin's Q are larger for firms that would be harmed by currency devaluations. Disciplines Finance | Finance and Financial Management CommentsAt the time of publication, author Yrjo Koskinen was affiliated with Boston University School of Management and CEPR. Currently, he is a faculty member at the Wharton School at the University of Pennsylvania. November 2007Electronic copy available at: http://ssrn.com/abstract=508002 AbstractIn this paper we study the changes in corporate valuations induced by the adoption of the

show abstract

The Euro Effect on Trade is not as Large as Commonly Thought

Cited by 67 publications

References 20 publications

Estonia and the European Monetary Union Are There Benefits from a 'Late' Accession?

Estonia and the European Monetary Union Are There Benefits from a 'Late' Accession?

Friends without benefits? New EMU members and the “Euro Effect” on trade

The Euro and Corporate Valuations

Contact Info

Product

Resources

About