Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28033
Authors: 
Nitsch, Volker
Year of Publication: 
2005
Series/Report no.: 
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2005/9
Abstract: 
Recent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade. Previous results derived from a large panel data set (covering more than 200 countries from 1948 through 1997) appear to depend crucially on the assumption of symmetry between currency union exits and entries: While countries leaving a currency union experience significant declines in trade, currency union entry appears to have no measurable effect on trade. Also, in a detailed analysis of the enlargement of the CFA franc zone, I find no consistent results on changes in the pattern of trade.
Subjects: 
accession
adoption
common currency
monetary integration
JEL: 
F02
F14
F15
F33
F36
ISBN: 
3938369086
Document Type: 
Working Paper

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