Currency union entries and trade
Nitsch, Volker ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleCurrency union entries and trade
AuthorNitsch, Volker
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages17 S.
Series ; 2005,9 : Volkswirtschaftliche Reihe
Keywordsaccession, adoption, common currency, monetary integration
Classification (DDC)330 Economics
Also published in
AbstractRecent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade. Previous results derived from a large panel data set (covering more than 200 countries from 1948 through 1997) appear to depend crucially on the assumption of symmetry between currency union exits and entries: While countries leaving a currency union experience significant declines in trade, currency union entry appears to have no measurable effect on trade. Also, in a detailed analysis of the enlargement of the CFA franc zone, I find no consistent results on changes in the pattern of trade.
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FU DepartmentDepartment Business and Economics
Year of publication2005
Type of documentBook
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Created at2008-06-20 : 08:32:00
Last changed2016-01-05 : 02:38:05
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000356