Dollarization does promote trade
AbstractThis study re-evaluates the treatment effect of dollarization on trade while explicitly controlling for self-selection of policy adoption. Employing a variety of propensity score matching methods, we show that dollarization not only increases bilateral US trade with dollarized countries, but promotes a dollarizer's bilateral trade with other dollar-zone countries as well.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of International Money and Finance.
Volume (Year): 29 (2010)
Issue (Month): 6 (October)
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Web page: http://www.elsevier.com/locate/inca/30443
Dollarization Bilateral trade Treatment effect Propensity score matching;
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