5. The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries?

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. Introduction 1
5. 1. The Breakup of the Euro Area 11
6. 2. The Euro and Structural Reforms 57
7. 3. The Euro and Firm Restructuring 99
8. 4. Business Cycles in the Euro Area 141
9. 5. The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries? 169
10. 6. A New Metric for Banking Integration in Europe 219
11. 7. Why the European Securities Market Is Not Fully Integrated 255
12. 8. The Euro and Fiscal Policy 287
13. 9. How Central Bankers See It: The First Decade of European Central Bank Policy and Beyond 327
14. 10. Reevaluating Swedish Membership in the European Monetary Union: Evidence from an Estimated Model 379
15. 11. Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model 415
16. Contributors 455
17. Author Index 457
18. Subject Index 463