EMU and trade
The EMU study by HM Treasury EMU and trade focuses on the key issue of the extent to which UK trade with the euro area economies might be increased through participation in EMU. Increasing trade is desirable because theoretical and empirical evidence suggests that more trade leads to higher income, and may increase the long-run growth rate of an economy. The study reviews the extensive economic literature on the impact of currency unions on trade and relates this to the potential impact EMU entry could have on UK trade, output and income over the longer term.
EMU and trade below is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
EMU and trade
PDF file of executive summary (88kb)
PDF file of full study (456kb)