TY  - UNPD
A1  - Weber, Axel A.
A1  - Beck, Guenter
T1  - How wide are European borders? : On the integration effects of monetary unions
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2001,07
N2  - We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated consumer price index (CPI) data we confirm previous results which showed that the distance between European cities explains a significant amount of the variation in the prices of similar goods in different locations. We also find that the variation of relative prices is much higher for two cities located in different countries than for two equidistant cities in the same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects, but distance and border still matter for intra-European relative price volatility.
T3  - CFS working paper series - 2001, 07 r 
KW  - relative price volatility
KW  - real exchange rates
KW  - law of one price
KW  - purchasing power parity
KW  - goods market integration
KW  - border effects
KW  - EMU
KW  - Deutschland
KW  - Österreich
KW  - Schweiz
KW  - Italien
KW  - Spanien
KW  - Portugal
KW  - Verbraucherpreis
KW  - Europäische Union
KW  - Währungsunion
Y1  - 2003
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4505
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-9849
N1  - First Version: January 2001 : "How Wide Are European Borders? New Evidence on the Integration Effects of Monetary Unions"
IS  - This Version: April 2003
ER  -