Currency union entries and trade

Arbeitspapier

Recent 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.

Objekt anzeigen

• ISBN: 3938369086
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Diskussionsbeiträge ; No. 2005/9

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Economic Order and Integration ; Empirical Studies of Trade ; Economic Integration ; International Monetary Arrangements and Institutions ; Financial Aspects of Economic Integration
• Thema: accession ; adoption ; common currency ; monetary integration ; Internationaler Finanzmarkt ; Geldpolitik ; Währungsunion ; Franc-Zone ; Außenwirtschaft ; Afrika

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Nitsch, Volker
• Ereignis: Veröffentlichung
• (wer): Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
• (wo): Berlin
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/28033