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dc.contributor.authorDorn, Sabrinaen_US
dc.contributor.authorEgger, Peteren_US
dc.date.accessioned2012-09-04T08:15:30Z-
dc.date.available2012-09-04T08:15:30Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/62054-
dc.description.abstractThis paper provides evidence of heterogeneous treatment effects on trade from switching among three types of de-facto exchange rate regimes: freely floating, currency bands, and pegs or currency unions. A cottage literature at the interface of macroeconomics and international economics focuses on the consequences of exchange rate regimes for economic outcome such as trade. The majority of contributions points to trade-stimulating average effects of tighter exchange rate tying in general and of currency unions in specific. While there is great variability of the estimated quantitative effects across studies, all of the associated work adopted at least two and most of it all of the following three assumptions: assignment of countries to exchange rate regimes is random, the treatment effect of adopting a currency union is independent of the underlying regime transition, and it is homogeneous and hence fully captured by the average. This paper allows for self-selection into exchange rate regimes conditional on observable characteristics and a given regime state prior to a transition and provides evidence of strong impact heterogeneity on bilateral trade among otherwise observationally equivalent country-pairs.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Treatment Effects A03-V2en_US
dc.subject.jelC22en_US
dc.subject.jelC32en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.titleOn the Distribution of Exchange Rate Regime Treatment Effects on International Tradeen_US
dc.typeConference Paperen_US
dc.identifier.ppn731576446-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc12:62054-
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jh.

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