Series: IMF Working Papers
Author(s): Helge Berger , and Volker Nitsch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2010
Keywords: imbalances, trade balance, trade surplus, trade deficit, EMU, European integration, exchange rate, trade imbalances, exchange rates, real exchange rate
When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade...