Currency unions and trade: A post-EMU reassessment
نویسندگان
چکیده
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 ...
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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...
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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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This paper characterizes the integration patterns of international currency unions (such as the CFA Franc zone). We empirically explore different features of currency unions, and compare them to countries with sovereign monies by examining the criteria for Mundell’s concept of an optimum currency area. We find that members of currency unions are more integrated than countries with their own cur...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2016
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2016.03.010