Add to ORKGDoes leaving a currency union reduce international trade? This paper reexamines time series estimates of currency unions on trade from a historical perspective using a dynamic gravity equation and by conducting in-depth case studies of currency union breakups. The early large estimates are sensitive to dynamic specifications, and were driven by omitted variables, as many breakups were caused by warfare, communist takeovers, coup d'etats and other major geopolitical events. The methodology has general applicability for the use of gravity equations in policy analysis, and yields an imprecise point estimate of currency unions on trade close to one percent
A currency union's ability to increase international trade is one of the most debated questions in i...
This paper explores and quantifies several aspects of the performance of currency unions using an au...
Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many c...
Does leaving a currency union reduce international trade? This paper reexamines time series estimate...
This paper revisits the early time series estimates of currency unions on trade from an historical p...
This paper revisits the early time series estimates of currency unions on trade from an historical p...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
As several European countries debate entering, or exiting, the Euro, a key policy question is how mu...
As several European countries debate entering, or exiting, the Euro, a key policy question is how mu...
Andrew Rose has long argued that a common currency has a large effect on increasing trade. Recently,...
A currency union’s ability to increase international trade is one of the most debated questions in i...
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that...
A currency union's ability to increase international trade is one of the most debated questions in i...
This paper explores and quantifies several aspects of the performance of currency unions using an au...
Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many c...
Does leaving a currency union reduce international trade? This paper reexamines time series estimate...
This paper revisits the early time series estimates of currency unions on trade from an historical p...
This paper revisits the early time series estimates of currency unions on trade from an historical p...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexp...
As several European countries debate entering, or exiting, the Euro, a key policy question is how mu...
As several European countries debate entering, or exiting, the Euro, a key policy question is how mu...
Andrew Rose has long argued that a common currency has a large effect on increasing trade. Recently,...
A currency union’s ability to increase international trade is one of the most debated questions in i...
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that...
A currency union's ability to increase international trade is one of the most debated questions in i...
This paper explores and quantifies several aspects of the performance of currency unions using an au...
Recent work on the effects of currency unions (CUs) on trade stresses the importance of using many c...