Trade creation, trade diversion and imbalances in the EMU

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• 作者：Piero Esposito ^{pesposito@luiss.it}
• 关键词：C23 ; F15 ; F32 ; F36 ; O52
• 刊名：Economic Modelling
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：60
• 期：Complete
• 页码：462-472
• 全文大小：265 K
• 卷排序：60

文摘

Provide economic interpretation for the mixed evidence on the euro effect on trade. Heterogeneous trade creation and trade diversion effects are linked to imbalances. Financial opening increased intra-EMU trade and fostered imbalances. Growth and globalization forces reduced intra-EMU trade and increased imbalances. EU policies to improve competitiveness in the internal market should be strengthened.