De Sousa, Jose (2011): The currency union effect on trade is decreasing over time.
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Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexpected trend: the currency union impact on trade is decreasing over time. This result suggests that with trade and financial globalization currency unions become less and less important to promote trade.
|Item Type:||MPRA Paper|
|Original Title:||The currency union effect on trade is decreasing over time|
|Keywords:||Currency; Unions; Dollarization; Trade; Gravity; Poisson|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
|Depositing User:||Jose de Sousa|
|Date Deposited:||17. Dec 2011 19:00|
|Last Modified:||16. Feb 2013 15:16|
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