Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
964457 | Journal of International Money and Finance | 2008 | 17 Pages |
Abstract
Was the adoption of the euro accompanied by an increase in prices? Did it promote goods market arbitrage in the form of faster convergence to a common price? By comparing the experience of eurozone countries to non-euro European countries in a ‘difference-in-differences’ specification, we net out effects on prices unrelated to the euro. We find neither evidence of significant price increases associated with the euro, nor evidence of a significant improvement in market integration.
Related Topics
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Economics and Econometrics
Authors
David Parsley, Shang-Jin Wei,