02175nam a2200325 a 4500 1/51398 080128s2008 be u pdd 1 a0eng d 9789279082467 1016-8060 (print) 1725-3187 (online) KC-AI-08-321-EN-C 37373 GR-PeUP ΚΕΤ Αλφαβητική σειρά Study on the impact of the euro on trade and foreign direct investment / Richard Baldwin...[et.al.]. Brussels- Belgium : European Comission : Directorate-General for Economic and Financial Affairs, 2008. 139 σ. : διαγ. πιν. ; 30 εκ. European Economy. Economic papers ; The introduction of the euro was the world's largest economic 'experiment.' This experiment opens the door to a major advance in our understanding of how a common currency affects economic activity. When it comes to the euro's trade effects the first contribution of this report is to refine "the number". Using the latest data and best empirical methodology, we confirm the received wisdom that the euro has promoted trade significantly, with the aggregate impact being in the range of 5% or so. The second main contribution of this report was to advance and refine our understanding of exact how the euro was boosting trade. The euro boosted trade inside the Eurozone since it lowered the relative price of traded goods coming from the Eurozone. The second main channel is the newly-trade goods channel. The third main contribution of the report concerns the euro's pro-FDI effects. Economic Papers. Baldwin, Richard E. DiNino, Virginia. Fontagne, Lionel. De Santis, Roberto A. Taglioni, Daria. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers May 2008, No 321. European Economy. Economic papers ; 321. INST UNIPILB KET 20090212 EEEP 321 EEEP 321 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary12592_en.htm.