04927oam 22011654 450 991096061990332120250426110139.0978661284200997814623053391462305334978145274705714527470599781282842007128284200597814518710741451871074(CKB)3170000000055143(EBL)1608062(SSID)ssj0001487326(PQKBManifestationID)11881442(PQKBTitleCode)TC0001487326(PQKBWorkID)11479832(PQKB)11151574(OCoLC)460638693(MiAaPQ)EBC1608062(IMF)WPIEE2008249(IMF)WPIEA2008249WPIEA2008249(EXLCZ)99317000000005514320020129d2008 uf 0engur|n|---|||||txtccrTrade Effects of Currency Unions : Do Economic Dissimilarities Matter? /Giorgia Albertin1st ed.Washington, 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.9781451915600 1451915608 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 modelsBalance of tradeimfEmpirical Studies of TradeimfExports and ImportsimfFinancial Aspects of Economic IntegrationimfImportsimfIncome economicsimfInternational economicsimfInternational Trade OrganizationsimfInternational tradeimfLaborimfLabourimfMonetary unionsimfPlurilateral tradeimfTrade balanceimfTrade PolicyimfTrade: GeneralimfWagesimfWages, Compensation, and Labor Costs: GeneralimfMonetary unionsEconometric models.Currency questionEconometric models.CommerceEconometric models.Equilibrium (Economics)Econometric models.Balance of tradeEmpirical Studies of TradeExports and ImportsFinancial Aspects of Economic IntegrationImportsIncome economicsInternational economicsInternational Trade OrganizationsInternational tradeLaborLabourMonetary unionsPlurilateral tradeTrade balanceTrade PolicyTrade: GeneralWagesWages, Compensation, and Labor Costs: General332.4566Albertin Giorgia1148770DcWaIMFBOOK9910960619903321Trade Effects of Currency Unions4371226UNINA