Currency Unions and Regional Trade Agreements: EMU and EU Effects on Trade

Reuven Glick

No 2016-27, Working Paper Series from Federal Reserve Bank of San Francisco

Abstract: The effects of the European Economic and Monetary Union (EMU) and European Union (EU) on trade are separately estimated using an empirical gravity model. Employing a panel approach with both time-varying country and dyadic fixed effects on a large span of data (across both countries and time), it is found that EMU and EU each significantly boosted exports. EMU expanded European trade by 40% for the original members, while the EU increased trade by almost 70%. Newer members have experienced even higher trade as a result of joining the EU, but more time is necessary to see the effects of their joining EMU.

JEL-codes: F15 F33 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2016-10-28
New Economics Papers: this item is included in nep-eec, nep-fdg, nep-int, nep-mon and nep-opm
Note: Draft: October 6, 2016. Data available under "Currency Unions and Trade: A Post-EMU Reassessment" at: http://faculty.haas.berkeley.edu/arose/RecRes.htm#Software
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.frbsf.org/economic-research/files/wp2016-27.pdf Full text (application/pdf)

Related works:
Journal Article: Currency Unions and Regional Trade Agreements: EMU and EU Effects on Trade (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfwp:2016-27

Ordering information: This working paper can be ordered from

DOI: 10.24148/wp2016-27

Access Statistics for this paper

More papers in Working Paper Series from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().