The currency union effect on trade is decreasing over time

De Sousa, Jose (2011): The currency union effect on trade is decreasing over time.

Abstract

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
• Language: English
• 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

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