منابع مشابه
One Money, One Market: A Revised Benchmark
The introduction of the euro generated substantial interest in the impact of currency unions (CUs) on trade flows. Initial estimates suggested a tripling of trade, which gave rise to a literature in search of “more reasonable” CU effects. Theoretical derivations of the gravity model highlight, however that the CU literature neglects to control simultaneously for general equilibrium effects (mul...
متن کاملOne The Changing Geography of Money
THE GEOGRAPHY of money is changing. Once upon a time it was not inaccurate to think of monetary spaces in simple territorial terms. Many currencies existed, but for the most part each circulated separately within the political frontiers of a single nation-state. Each government was in charge of its own sanctioned money. Today, however, the world’s monetary landscape is being rapidly transformed...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2011
ISSN: 0965-7576
DOI: 10.1111/j.1467-9396.2011.00956.x