03136nam 2200637Ia 450 991046399340332120170821161816.01-4623-8300-91-4527-5006-81-4518-7333-697866128439691-282-84396-6(CKB)3170000000055334(EBL)1608424(SSID)ssj0000942995(PQKBManifestationID)11566061(PQKBTitleCode)TC0000942995(PQKBWorkID)10994190(PQKB)11641521(OCoLC)527722840(MiAaPQ)EBC1608424(EXLCZ)99317000000005533420090903d2009 uf 0engur|n|---|||||txtccrOne money, one market[electronic resource] a revised benchmark /prepared by Theo Eicher and Christian Henn[Washington, D.C.] International Monetary Fund, Strategy, Policy, and Review Dept.20091 online resource (25 p.)IMF working paper ;WP/09/186"September 2009."1-4519-1758-9 Contents; I. Introduction; II. Data; III. Empirical Implementation of the Gravity Model; IV. Multilateral Resistance and the Trade Effects of Currency Unions; V. Benchmark CU Trade Effects addressing Multilateral Resistance and Unobserved Bilateral Heterogeneity; VI. Sensitivity Analysis; VII. Conclusion; Tables; 1. Trade Effects of Currency Unions; 2. Sensitivity Analysis: Average Currency Union Effects on Trade; 3. Sensitivity Analysis: Trade Effects of Individual Currency Unions; Appendix Table; A1. Countries in Sample; A2. Membership and Observations for Currency Unions and BoardsA3. Membership in Preferential Trade AgreementsA4. Bilateral Preferential Trade Agreements; ReferencesThe introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade flows. Rose's (2000) initial estimates suggested a tripling of trade and created a literature in search of ""more reasonable"" CU effects. A recent meta-analysis of this literature shows that subsequent papers quantify CU trade impacts at 30-90 percent. However, most recent studies use shorter time series and fewer countries than Rose in his original work. We revisit Rose's original benchmark, extend the dataset, and address Baldwin's (2006) critiques regarding the proper speciIMF working paper ;WP/09/186.Monetary unionsTariffFree tradeElectronic books.Monetary unions.Tariff.Free trade.332.4566094Eicher Theo S895009Henn Christian1978-895010International Monetary Fund.Strategy, Policy, and Review Dept.MiAaPQMiAaPQMiAaPQBOOK9910463993403321One money, one market2110725UNINA