The currency union effect on trade is decreasing over time

José De Sousa ()

Economics Letters, 2012, vol. 117, issue 3, 917-920

Abstract: Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexpected trend: the currency union impact on trade is decreasing over time. This result suggests that with trade and financial globalization, currency unions become less and less important for promoting trade.

Keywords: Currency unions; Dollarization; Trade; Gravity; Poisson (search for similar items in EconPapers)
JEL-codes: F15 F33 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (199)

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Working Paper: The currency union effect on trade is decreasing over time (2012)
Working Paper: The currency union effect on trade is decreasing over time (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:917-920

DOI: 10.1016/j.econlet.2012.07.009

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