04708oam 22010694 450 991078834310332120230721045651.01-4623-0533-41-4527-4705-997866128420091-282-84200-51-4518-7107-4(CKB)3170000000055143(EBL)1608062(SSID)ssj0001487326(PQKBManifestationID)11881442(PQKBTitleCode)TC0001487326(PQKBWorkID)11479832(PQKB)11151574(OCoLC)460638693(MiAaPQ)EBC1608062(IMF)WPIEE2008249(EXLCZ)99317000000005514320020129d2008 uf 0engur|n|---|||||txtccrTrade Effects of Currency Unions : Do Economic Dissimilarities Matter? /Giorgia AlbertinWashington, D.C. :International Monetary Fund,2008.1 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 follow the enlargement of a currency union.IMF Working Papers; Working Paper ;No. 2008/249Monetary unionsEconometric modelsCurrency questionEconometric modelsCommerceEconometric modelsEquilibrium (Economics)Econometric modelsExports and ImportsimfLaborimfFinancial Aspects of Economic IntegrationimfTrade PolicyimfInternational Trade OrganizationsimfEmpirical Studies of TradeimfWages, Compensation, and Labor Costs: GeneralimfTrade: GeneralimfInternational economicsimfLabourimfincome economicsimfMonetary unionsimfPlurilateral tradeimfTrade balanceimfWagesimfImportsimfInternational tradeimfBalance of tradeimfMonetary unionsEconometric models.Currency questionEconometric models.CommerceEconometric models.Equilibrium (Economics)Econometric models.Exports and ImportsLaborFinancial Aspects of Economic IntegrationTrade PolicyInternational Trade OrganizationsEmpirical Studies of TradeWages, Compensation, and Labor Costs: GeneralTrade: GeneralInternational economicsLabourincome economicsMonetary unionsPlurilateral tradeTrade balanceWagesImportsInternational tradeBalance of trade332.4566Albertin Giorgia1148770DcWaIMFBOOK9910788343103321Trade Effects of Currency Unions3716482UNINA