Does the Euro Make a Difference?
Ten years of GDP data suggest that using the euro neither accelerates nor holds back economic growth Lilou Legros · Matei Dăianu · Alex Sklad Introduction - Ever since the Eurozone was born in 1999, economists have argued about its influence on countries’ economic growth. The euro reshapes trade flows, eliminates exchange rate risk, and ties governments to the borrowing limits of the Stability and Growth Pact (Ioannatos, 2018), all of which have an impact on GDP. Our analysis covers the years...