Currency ::union:: and Bilateral Trade: Evidence from OIC Countries

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 ...

1 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 ...

Chronicle of Currency Collapses and the Effects on Output: Evidence from Six Asian Countries

The main goal of the present paper is to analyze the effects of currency collapses (a large devaluation of country’s nominal exchange rate) on real gross domestic products of six Asian countries (Iran, Indonesia, Malaysia, Pakistan, South Korea, and Turkey). A yearly data is collected from the WDI of the World Bank over the period 1980-2011. The econometric model includes the real GDP growt...

Panel Causality Relationship Among FDI And Trade (Evidence From 16 Advanced Europe Countries)

An Interaction between 3A Approach of Entrepreneurship and International Trade: Evidence from Selected Asian Countries

In the relevant literature, there has been a lack of discussion to focus particularly on the relationship between entrepreneurship and international trade. It is more restricted when one intends to seek an interaction between international trade and the indexes of the 3A approach of entrepreneurship, including entrepreneurial attitude, activities and aspirations which are collected from Global ...

Reconsidering the Trade-Creating Effects of the Currency Union

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...