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The currency union effect on trade is decreasing over time

Author

Listed:
  • José de Sousa

    (RITM - Réseaux Innovation Territoires et Mondialisation - Université Paris-Saclay)

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 to promote trade.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • José de Sousa, 2012. "The currency union effect on trade is decreasing over time," Post-Print hal-04328096, HAL.
    • Handle: RePEc:hal:journl:hal-04328096
    DOI: 10.1016/j.econlet.2012.07.009
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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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