Should We Turn Back Time? A Synthetic Control Study on the Trade Effects of Sweden’s Choice Not To Enter the Eurozone
The formation of the Economic and Monetary Union, combined with the introduction of the euro, further deepened a long-going European economic integration. Sweden has been a member of the European Union since 1995 but has not yet given up its independent currency. In this study, we estimate the trade flows that would have occurred between Sweden and its major trading partners if Sweden had joined t