Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/153028 
Year of Publication: 
2006
Series/Report no.: 
ECB Working Paper No. 594
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten percent. The paper discusses a gamut of models that might explain the Rose effect in Europe and suggests a series of empirical test that could help identify the economic mechanisms involved.
Subjects: 
Exchange rate volatility
Gravity Model
monetary union
Rose effect
JEL: 
F12
C33
E0
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.