How the euro gives Britain a free ride

Some explanation is necessary to put this rather startling finding in context. When the single European currency was launched, an expected boost to trade was one of the, if not the main benefit promised. In one of the most detailed studies of the trade effects to date, Richard Baldwin, a professor of international economics at the Graduate Institute of International Studies in Geneva, now finds that while there is evidence of a boost to trade as a result of the creation of the euro, the magnitud

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