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Record Nr. |
UNINA9910960619903321 |
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Autore |
Albertin Giorgia |
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Titolo |
Trade Effects of Currency Unions : : Do Economic Dissimilarities Matter? / / Giorgia Albertin |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612842009 |
9781462305339 |
1462305334 |
9781452747057 |
1452747059 |
9781282842007 |
1282842005 |
9781451871074 |
1451871074 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (29 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/249 |
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Disciplina |
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Soggetti |
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Monetary unions - Econometric models |
Currency question - Econometric models |
Commerce - Econometric models |
Equilibrium (Economics) - Econometric models |
Balance of trade |
Empirical Studies of Trade |
Exports and Imports |
Financial Aspects of Economic Integration |
Imports |
Income economics |
International economics |
International Trade Organizations |
International trade |
Labor |
Labour |
Monetary unions |
Plurilateral trade |
Trade balance |
Trade Policy |
Trade: General |
Wages |
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Wages, Compensation, and Labor Costs: General |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. The Basic Model; III. The Initial Equilibrium; IV. The Formation of a Currency Union; A. The General Equilibrium Effect on the Relative Wage; B. The Effect on the Bilateral Patterns of Trade; V. The Enlargement of the Currency Union; A. The General Equilibrium Effect on the Relative Wage; B. The Effect on the Bilateral Patterns of Trade; VI. Do Economic dissimilarities Matter?; VII. Conclusions; Tables; 1. Simulations of the Gain in Bilateral Trade; Mathematical Appendix; A. Proof of Proposition 1; B. Proof of Proposition 2; C. Proof of Proposition 3 |
D. Proof of Proposition 4E. Proof of Proposition 5; F. Proof of Proposition 6; References |
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Sommario/riassunto |
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This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the trade effects fostered by a common currency. We show that sharing a common currency enhances the volume of bilateral trade among countries. However, the more economically dissimilar is an accession country, compared to the original members of a currency union, the smaller are the gains in trade that would follow the enlargement of a currency union. |
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