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Does a currency union affect trade? : the time series evidence

Author: Reuven Glick; Andrew Rose; National Bureau of Economic Research.
Publisher: Cambridge, MA. : National Bureau of Economic Research, ©2001.
Series: Working paper series (National Bureau of Economic Research), working paper no. 8396.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: 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 pair of  Read more...
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Additional Physical Format: Print version:
Glick, Reuven.
Does a currency union affect trade?.
Cambridge, MA. : National Bureau of Economic Research, ©2001
(OCoLC)47799091
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Reuven Glick; Andrew Rose; National Bureau of Economic Research.
OCLC Number: 647635792
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (15, [8] pages).
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 8396.
Responsibility: Reuven Glick, Andrew K. Rose.

Abstract:

Abstract: 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 pair of countries that starts to use a common currency experiences a doubling in bilateral trade.

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