The chapter on “why trade is not as high as it should be” identified currency costs as representing 14% of the border-related costs that contributed to the total of 74% markup represented by trade...


The chapter on “why trade is not as high as it should be” identified currency costs as representing 14% of the border-related costs that contributed to the total of 74% markup represented by trade costs, in the final price of goods.a) To what extent do you think then that a currency union such as the Euro area would increase free trade, compared to reducing tariff and non-tariff barriers?



May 15, 2022
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