[1] ALTOMONTE, Carlo, OTTAVIANO, Gianmarco (2009). Resilient to the Crisis? Global Supply Chains and Trade Flows. In: The Great Trade Collapse: Causes, Consequences and Prospects. E-book, edited by R. Baldwin. Section II, Chapter 11.

[2] AMADOR, Joao, CAPPARIELLO, Rita, STEHRER, Robert (2015). Global Value Chains: A View from the Euro Area. Asian Economic Journal, vol. 29, issue 2, June 2015, pp. 99–120.

[3] ANDERTON, Robert, BALTAGI, Badi H., SKUDELNY, Frauke, SOUSA, Nuno (2005). Intra- and Extra-Euro Area Import Demand for Manufactures. ECB Working Paper, No. 532, October 2005. 36 p.

[4] BARRELL, Ray, DEES, Stephane (2005). World Trade and Global Integration in Production Processes: A Re-Assessment of Import Demand Equations. ECB Working Paper, No. 503, July 2005. 38 p.

[5] BARRELL, Ray, te VELDE, Dirk W. (2002). European Integration and Manufactures Import Demand: An Empirical Investigation of Ten European Countries. German Economic Review, vol. 3, issue 3, August 2002, pp. 263–293.

[6] BAYOUMI, Tamim, HARMSEN, Richard, TURUNEN, Jarkko (2011). Euro Area Export Performance and Competitiveness. IMF Working Paper, No. 11/140, June 2011. 17 p.

[7] BERNARDI, Luigi (2013). Recent Findings Regarding the Shift from Direct to Indirect Taxation in the EA-17. MPRA Paper, No. 47877, June 2013. 23 p.

[8] BERTHOU, Antoine, DEMIAN, Vlad, DHYNE, Emmanuel (2015). Exchange Rate Movements, Firm-Level Exports and Heterogeneity. Presentation at the CompNet conference, Frankfurt, 25–26 June 2015.

[9] BLANCHARD, Olivier J., GIAVAZZI, Francesco (2002). Current Account Deficits in the Euro Area: The End of the Feldstein–Horioka Puzzle? Brookings Papers on Economic Activity, vol. 33, issue 2, pp. 147–210.

[10] BOBEICA, Elena, ESTEVES, Paolo S., RUA, Antonio, STAEHR, Karsten (2016). Exports and Domestic Demand Pressure: A Dynamic Panel Data Model for the Euro Area Countries. Review of World Economics, vol. 152, issue 1, February 2016, pp. 107–125.

[11] BUSSIERE, Matthieu, CALLEGARI, Giovanni, GHIRONI, Fabio, SESTIERI, Giulia, YAMANO, Norihiko (2013). Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008–2009. American Economic Journal: Macroeconomics, vol. 5, No. 3, pp. 118–151.

[12] CA'ZORZI, Michele, SCHNATZ, Bernd (2007). Explaining and Forecasting Euro Area Exports: Which Competitiveness Indicator Performs Best? ECB Working Paper, No. 833, November 2007. 31 p.

[13] CHRISTODOULOPOULOU, Styliani, TKACEVS, Olegs (2016). Measuring the Effectiveness of Cost and Price Competitiveness in External Rebalancing of Euro Area Countries: What Do Alternative HCIs Tell Us? Empirica, vol. 43, issue 3, August 2016, pp. 487–531.

[14] CLOSTERMANN, Jorg (1998). What is the Fittest Price Measure for the Calculation of Real D-Mark Exchange Rates? Ifo Studien, No. 44, issue 4, pp. 393–412.

[15] Deutsche Bundesbank (1998). The Indicator Quality of Different Definitions of the Real External Value of the Deutsche Mark. Deutsche Bundesbank Monthly Report, November 1998, pp. 39–52.

[16] DIEPPE, Alistair, WARMEDINGER, Thomas (2007). Modelling Intra- and Extra-Area Trade Substitution and Exchange Rate Pass-Through in the Euro Area. ECB Working Paper, No. 760, June 2007. 59 p.

[17] ECB (2012). Longer-Term Developments in Extra-Euro Area and Intra-Euro Area Trade. ECB Monthly Bulletin, Box 9, March 2012, pp. 81–84.

[18] ECB (2013). Intra-Euro Area Trade Linkages and External Adjustment. ECB Monthly Bulletin, January 2013, pp. 59–74.

[19] ESTEVES, Paulo, RUA, Antonio (2013). Is There a Role for Domestic Demand Pressure on Export Performance? ECB Working Paper, No. 1594, September 2013. 31 p.

[20] ESTRADA, Angel, FERNANDEZ, Jose L., MORAL, Esther, REGIL, Ana (2004). A Quarterly Macroeconometric Model of the Spanish Economy. Banco de Espana Working Paper, No. 0413. 60 p.

[21] European Commission (2015). Annual Growth Survey 2016: Strengthening the Recovery and Fostering Convergence. 26 November 2015. 4 p.

[22] FRANKEL, Jeffrey A., ROSE, Andrew K. (1998). The Endogeneity of the Optimum Currency Area Criteria. Economic Journal, vol. 108, issue 449, July 1998, pp. 1009–1025.

[23] GIORDANO, Claire, ZOLLINO, Francesco (2015). Exploring Price and NonPrice Determinants of Trade Flows in the Largest Euro Area Countries. ECB Working Paper, No. 1789, May 2015. 35 p.

[24] HUBRICH, Kirstin, KARLSSON, Tohmas (2010). Trade Consistency in the Context of the Eurosystem Projection Exercises. ECB Occasional Paper, No. 108, March 2010. 49 p.

[25] KANG, Joong S., SHAMBAUGH, Jay C. (2015). The Rise and Fall of European Current Account Deficits. 61st Economic Policy Panel Meeting in Riga, 17–18 April 2015.

[26] KARADELOGLOU, Pavlos, BENKOVSKIS, Konstantins, AIELLO, Giovanni, BLUHM, Benjamin, BOBEICA, Elena, BUELENS, Christian, CAVALLINI, Flavia, CHRISTODOULOPOULOU, Styliani, De CLERCQ, Maarten, GIORDANO, Claire, JOSEPH, Andreas, LEONTE, Alexandru, LOMMATZSCH, Kirsten, LOPEZ-GARCIA, Paloma, MOMCHILOV, Georgi, OSBAT, Chiara, ORSZAGHOVA, Lucia, PAPPAD?, Francesco, PRADES ILLANES, Elvira, SILGONER, Maria, TKACEVS, Olegs, VERMEULEN, Robert, WORZ, Julia, ZOLLINO, Francesco (2015). Compendium on the Diagnostic Toolkit for Competitiveness. ECB Occasional Paper, No. 163, July 2015. 83 p.

[27] LOPEZ-GARCIA, Paloma, di MAURO, Filippo, the CompNet Task Force (2015). Assessing European Competitiveness: The New CompNet Microbased Database. ECB Working Paper, No. 1764, March 2015. 63 p.

[28] MARSH, Ian W., TOKARICK, Stephen P. (1996). An Assessment of Three Measures of Competitiveness. Review of World Economics (Weltwirtschaftliches Archiv), vol. 132, issue 4, pp. 700–722.

[29] PLUYAUD, Bertrand (2006). Modelling Imports and Exports of Goods in France, Distinguishing between Intra- and Extra-Euro Area Trade. In: Convergence or Divirgence in Europe?: Growth and Business Cycles in France, Germany and Italy. Ed. by O. De Bandt, H. Herrmann, G. Parigi. Berlin: Springer, pp. 325–359. 

[30] SCHMITZ, Martin, De CLERCQ, Maarten, FIDORA, Michael, LAURO, Bernadette, PINHEIRO, Cristina (2012). Revisiting the Effective Exchange Rates of the Euro. ECB Occasional Paper, No. 134, June 2012. 39 p.

[31] STAHN, Kerstin (2006). Has the Impact of Key Determinants of German Exports Changed? Results from Estimations of Germany's Intra Euro-Area and Extra Euro-Area Exports. Deutsche Bundesbank Discussion Paper, Series 1: Economic Studies, No. 07/2006. 44 p.

[32] STIRBOCK, Claudia (2006). How Strong is the Impact of Exports and Other Demand Components on German Import Demand? Evidence from Euro-Area and Non-Euro-Area Imports. Deutsche Bundesbank Discussion Paper, Series 1: Economic Studies, No. 39/2006. 72 p.

[33] TRESSEL, Thierry, WANG, Shengzu (2014). Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments. IMF Working Paper, No. 14/130, July 2014. 31 p.