| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w21535
|
| 来源ID | Working Paper 21535
|
| Currency Unions and Trade: A Post-EMU Mea Culpa |
| Reuven Glick; Andrew K. Rose
|
| 发表日期 | 2015-09-07
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which includes the European Economic and Monetary Union (EMU). We have three findings. First, our assumption of symmetry between the effects of entering and leaving a currency union seems reasonable in the data but is uninteresting. Second, EMU typically has a smaller trade effect than other currency unions; it has a mildly stimulating effect at best. Third and most importantly, estimates of the currency union effect on trade are sensitive to the exact econometric methodology; the lack of consistent and robust evidence undermines confidence in our ability to reliably estimate the effect of currency union on trade. |
| 主题 | International Economics
; Trade
; International Finance
|
| URL | https://www.nber.org/papers/w21535
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579210
|
推荐引用方式
GB/T 7714 |
Reuven Glick,Andrew K. Rose. Currency Unions and Trade: A Post-EMU Mea Culpa. 2015.
|
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