03435nam 2200685 450 991046361710332120170821160737.01-4623-0533-41-4527-4705-997866128420091-282-84200-51-4518-7107-4(CKB)3170000000055143(EBL)1608062(SSID)ssj0001487326(PQKBManifestationID)11881442(PQKBTitleCode)TC0001487326(PQKBWorkID)11479832(PQKB)11151574(OCoLC)460638693(MiAaPQ)EBC1608062(EXLCZ)99317000000005514320140226h20082008 uy 0engur|n|---|||||txtccrTrade effects of currency unions do economic dissimilarities matter? /Giorgia Albertin ; authorized for distribution by Marc Quintyn[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (29 p.)IMF Working PapersIMF working paper ;WP/08/249Description based upon print version of record.1-4519-1560-8 Includes bibliographical references.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 3D. Proof of Proposition 4E. Proof of Proposition 5; F. Proof of Proposition 6; ReferencesThis 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 IMF Working PapersMonetary unionsEconometric modelsCurrency questionEconometric modelsCommerceEconometric modelsEquilibrium (Economics)Econometric modelsElectronic books.Monetary unionsEconometric models.Currency questionEconometric models.CommerceEconometric models.Equilibrium (Economics)Econometric models.332.4566Albertin Giorgia1039693Quintyn Marc247373MiAaPQMiAaPQMiAaPQBOOK9910463617103321Trade effects of currency unions2462034UNINA