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Of markets, products and prices - the effects of the Euro on European firms. Bruegel Blueprint Series 8, 2009

Fontagné, Lionel and Mayer, Thierry and Ottaviano, Gianmarco I.P. (2009) Of markets, products and prices - the effects of the Euro on European firms. Bruegel Blueprint Series 8, 2009. [Policy Paper]

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    Abstract

    In this Blueprint, Lionel Fontagné, Thierry Mayer and Gianmarco Ottaviano, show that trade flows have not increased meaningfully since the introduction of the euro. However, trade volume can be a misleading yardstick. Other obstacles – be it differences in regulation, legal framework, taxes or language – are significant enough to continue to act as binding constraints on internationalisation. In terms of prices, the authors find that the euro has resulted in less volatile and lower prices, especially within the euro area, and this is a clear plus for consumers.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > trade policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Blueprint Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 17 Feb 2009
    Page Range: p. 90
    Last Modified: 15 Feb 2011 18:07
    URI: http://aei.pitt.edu/id/eprint/10320

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