Separated by a common currency? Evidence from the Euro changeover

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• dc.contributor.author Bris, Arturoca
• dc.contributor.author Rupérez-Micola, Augustoca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T10:50:41Z
• dc.date.available 2017-07-26T10:50:41Z
• dc.date.issued 2008-03-01
• dc.date.modified 2017-07-23T02:11:49Z
• dc.description.abstract We study the price convergence of goods and services in the euro area in 2001-2002. To measure the degree of convergence, we compare the prices of around 220 items in 32 European cities. The width of the border is the price di¤erence attributed to the fact that the two cities are in different countries. We find that the 2001 European borders are negative, which suggests that the markets were very integrated before the euro changeover. Moreover, we do not identify an integration effect attributable to the introduction of the euro. We then explore the determinants of the European borders. We find that different languages, wealth and population differences tend to split the markets. Historical inflation, though, tends to lead to price convergence.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1086
• dc.identifier.uri http://hdl.handle.net/10230/581
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 1086
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword euro
• dc.subject.keyword economic integration
• dc.subject.keyword Business Economics and Industrial Organization
• dc.title Separated by a common currency? Evidence from the Euro changeoverca
• dc.type info:eu-repo/semantics/workingPaper