منابع مشابه
Currency unions: which effects for trade?
Our paper provides a theoretical analysis of the potential trade implications of a currency union focusing on the crucial role of economic dissimilarities among countries. Modeling the adoption of a common currency as the elimination of transaction costs on international trade, we show that a currency union enhances bilateral trade among members while it reduces bilateral trade between members ...
متن کاملCurrency Unions and Trade: The Effect is Large
Et Tu, Torsten? This critique of my Economic Policy paper generates many emotions. It is certainly an honor for my research to be taken seriously by such an eminent scholar as my friend Torsten Persson. And while any publicity is good, a negative citation dominates a positive one. There is irony; I came up with the original idea in a hallway conversation with Harry Flam a few feet from Persson...
متن کاملCurrency Unions and Trade: How Large is the Treatment Effect?∗
It has been conspicuously hard to empirically identify clear-cut effects of Þxed exchange rates and other monetary regimes on the real economy. This paucity of empirical Þndings has lead many academic economists as well as other observers to the view that radical monetary reform such as the adoption of a common currency might have limited economic consequences. For example, it probably expl...
متن کاملGreek and Irish trade unions responses to youth unemployment
This paper sets to investigate the responses of the Greek and Irish social actors (trade unions, employers’ organizations, public agencies) to the youth unemployment which has severely risen in both countries after the outbreak of the economic crisis (OECD, 2009). The rationale behind the comparative perspective stems from our intention to investigate how the institutional structures and the in...
متن کاملBayes Network Analysis of Trade Effects of Currency Unions and Free Trade Agreements
We investigate the effects of trade and currency unions on trade within the reduced form gravity model. The database is a standard database in this field for around 200 countries over the last fifty years. The statistical model we use is a Bayes network from the machine learning and the artificial intelligence research which generalizes many standard econometric models. The emphasis in this pap...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2010
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840701858109