1 option
Does a Currency Union Affect Trade? The Time Series Evidence / Reuven Glick, Andrew K. Rose.
- Format:
- Book
- Author/Creator:
- Glick, Reuven.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w8396.
- NBER working paper series no. w8396
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2001.
- Summary:
- 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.
- Notes:
- Print version record
- July 2001.
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