05203oam 22013574 450 991097247390332120250426110512.097866138239919781462373024146237302X97814527138301452713839978128351154412835115419781451908275145190827X(CKB)3360000000443393(EBL)3014432(SSID)ssj0000943264(PQKBManifestationID)11523887(PQKBTitleCode)TC0000943264(PQKBWorkID)10977033(PQKB)11376507(OCoLC)694141081(IMF)WPIEE2006031(MiAaPQ)EBC3014432(IMF)WPIEA2006031WPIEA2006031(EXLCZ)99336000000044339320020129d2006 uf 0engur|n|---|||||txtccrStylized Facts on Bilateral Trade and Currency Unions : Implications for Africa /Michal Hulej, Charalambos Tsangarides, Pierre Ewenczyk1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (37 p.)IMF Working Papers"January 2006."9781451862911 1451862911 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""III. METHODOLOGY""; ""IV. RESULTS""; ""V. CONCLUSIONS""; ""References""This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings suggest that, in principle, membership in a currency union should benefit Africa as much as it does the rest of the world. In addition, we find evidence from both samples that the effect of currency unions on trade is large, almost a doubling; currency unions are associated with trade creation, increase price co-movements among members, and make trade more stable; and longer duration of currency union membership brings about more benefits, although with some diminishing returns.IMF Working Papers; Working Paper ;No. 2006/031CommerceEconometric modelsMonetary unionsEconometric modelsMonetary unionsAfricaEconometric modelsCurrenciesimfEconometric Modeling: GeneralimfEconometric modelsimfEconometrics & economic statisticsimfEconometricsimfExports and ImportsimfFinancial Aspects of Economic IntegrationimfGovernment and the Monetary SystemimfGravity modelsimfInternational economicsimfInternational Trade OrganizationsimfInternational tradeimfLabor unionsimfLaborimfLabor-Management Relations, Trade Unions, and Collective Bargaining: GeneralimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPlurilateral tradeimfRegimesimfStandardsimfTrade PolicyimfTrade unionsimfSouth AfricaimfCommerceEconometric models.Monetary unionsEconometric models.Monetary unionsEconometric models.CurrenciesEconometric Modeling: GeneralEconometric modelsEconometrics & economic statisticsEconometricsExports and ImportsFinancial Aspects of Economic IntegrationGovernment and the Monetary SystemGravity modelsInternational economicsInternational Trade OrganizationsInternational tradeLabor unionsLaborLabor-Management Relations, Trade Unions, and Collective Bargaining: GeneralMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsPlurilateral tradeRegimesStandardsTrade PolicyTrade unionsHulej Michal1815801Ewenczyk Pierre125459Tsangarides Charalambos1462110International Monetary Fund.International Monetary Fund.African Dept.DcWaIMFBOOK9910972473903321Stylized Facts on Bilateral Trade and Currency Unions4371325UNINA