A Meta-Analysis of the Effect of Common Currencies on International Trade

Andrew Rose

No 4341, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 34 recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This Paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard significance levels; b) the combined estimate implies that a bilateral currency union increases trade by between 30% and 90%; and c) the estimates are heterogeneous and not consistently tied to most features of the studies.

Keywords: Monetary; Union; Regression; Literature; Test; Study; Estimate (search for similar items in EconPapers)
JEL-codes: F34 (search for similar items in EconPapers)
Date: 2003-04
New Economics Papers: this item is included in nep-ifn
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: A Meta‐Analysis of the Effect of Common Currencies on International Trade (2005)
Working Paper: A Meta-Analysis of the Effect of Common Currencies on International Trade (2004)
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