Währungsunionen, Wechselkursregime und deren Effekte auf bilateralen Handel: drei empirische Ergebnisse

Sabrina Dorn ()
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Sabrina Dorn: KOF Swiss Economic Institute, ETH Zurich, Switzerland, http://www.kof.ethz.ch

KOF Analysen, 2015, vol. 9, issue 2, 43-51

Abstract: This article summarizes three empirical findings about currency unions, fixed currency regimes, and bilateral trade. According to Result 1, the short-run trade effects from switching into a new exchange rate regime are heterogeneous over country-pairs and an immediately positive effect is not generally the case. This result is derived in Dorn and Egger (2015). According to Result 2 it takes approximately eight years of staying within a fixed currency regime until a significantly positive cumulative effect occurs. This empirical finding is derived in Dorn and Egger (2013). Result 3 is concerned with an empirical analysis of the determinants of fixed currency regimes or currency regimes in general, and states that known theoretical models are not capable of explaining the empirical data sufficiently well. This is based on Dorn (2015).

Keywords: Exchange rate regimes; Bilateral trade; Heterogeneous treatment effects; Stratified matching; Random Forests (search for similar items in EconPapers)
JEL-codes: C14 C22 C32 F31 F33 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:kof:anskof:v:9:y:2015:i:2:p:43-51

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