Does a currency union affect trade? The time-series evidence
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چکیده
منابع مشابه
Does a Currency Union affect Trade? The Time Series Evidence
Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant declines in bilateral trade, after accounting for other factors. Assuming symmetry, we estimate that a ...
متن کامل1 Does a Currency Union affect Trade ?
Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant declines in bilateral trade, after accounting for other factors. Assuming symmetry, we estimate that a ...
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Countries select particular exchange rate arrangements for a variety of reasons. For example, the ability to conduct an independent monetary policy is often cited as the main advantage of having a floating exchange rate regime. Conversely, countries sometimes tie their exchange rate to that of a larger country—foregoing the ability to conduct independent monetary policies—to benefit from the re...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2002
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(01)00202-1