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@article{ Badinger2009,
 title = {Country size and the trade effects of the euro},
 author = {Badinger, Harald and Breuss, Fritz},
 journal = {Review of World Economics},
 number = {2},
 pages = {207-223},
 volume = {145},
 year = {2009},
 doi = {https://doi.org/10.1007/s10290-009-0013-6},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-203203},
 abstract = {This paper investigates whether small countries gain relatively more than large countries from an 'expansion' of their market through the creation of a single currency. The introduction of the euro offers a particularly valuable source to test this hypothesis, which we motivate using the theoretical model by Casella of the year 1996. Our results from a panel data analysis, using both aggregate and disaggregated trade data, point to a statistically significant but quantitatively moderate small country bonus. On average, the euro has led to an improvement of the small euro area’s relative export performance by 3–9%.},
 keywords = {Euro; Euro}}