Trade Effects of Currency Unions.

This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the trade e...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Albertin, Giorgia
Format: Electronic eBook
Language:Inglés
Published: Washington : International Monetary Fund, 2008.
Series:IMF Working Papers.
Subjects:
Monetary unions > Econometric models.
Currency question > Econometric models.
Commerce > Econometric models.
Equilibrium (Economics) > Econometric models.
Unions monétaires > Modèles économétriques.
Commerce > Modèles économétriques.
Commerce > Econometric models
Currency question > Econometric models
Equilibrium (Economics) > Econometric models
Monetary unions > Econometric models
Online Access:Texto completo
Description
Summary:This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the trade effects fostered by a common currency. We show that sharing a common currency enhances the volume of bilateral trade among countries. However, the more economically dissimilar is an accession country, compared to the original members of a currency union, the smaller are the gains in trade that would.
Physical Description:1 online resource (29 pages)
ISBN:9781451915600
1451915608

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