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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17696| Title: | Trade effects of monetary integration in large, mature economies : a primer on the European Monetary Union |
| Keywords: | ddc:330 Currency Unions EU EMU panel model gravity equation Europäische Wirtschafts- und Währungsunion Wirtschaftsintegration Außenhandelseffekt Gravitationsmodell Schätzung EU-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | The aim of this paper is to estimate the trade gains arising from the constitution ofa currency union for a set of economically large, developed nations who create a monetary union as a deliberate economic policy action: namely, for the members of the euro area. With a 1980-2001 sample, no consistent significant trade effects from the 1999 creation of EMU are found, using dummies for the 1999-2001 period. Treating EMU not as a single event but as a part of a long-term integration process, and representing it by a series of continuous cross-country interest differentials, the evidence seems to be stronger, but it does not seem to be conditional on any single, specific exchange rate arrangement. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17696 |
| Other Identifiers: | http://hdl.handle.net/10419/17696 ppn:359593836 |
| Appears in Collections: | EconStor |
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