LEADER 03136nam 2200637Ia 450 001 9910463993403321 005 20170821161816.0 010 $a1-4623-8300-9 010 $a1-4527-5006-8 010 $a1-4518-7333-6 010 $a9786612843969 010 $a1-282-84396-6 035 $a(CKB)3170000000055334 035 $a(EBL)1608424 035 $a(SSID)ssj0000942995 035 $a(PQKBManifestationID)11566061 035 $a(PQKBTitleCode)TC0000942995 035 $a(PQKBWorkID)10994190 035 $a(PQKB)11641521 035 $a(OCoLC)527722840 035 $a(MiAaPQ)EBC1608424 035 $a(EXLCZ)993170000000055334 100 $a20090903d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOne money, one market$b[electronic resource] $ea revised benchmark /$fprepared by Theo Eicher and Christian Henn 210 $a[Washington, D.C.] $cInternational Monetary Fund, Strategy, Policy, and Review Dept.$d2009 215 $a1 online resource (25 p.) 225 1 $aIMF working paper ;$vWP/09/186 300 $a"September 2009." 311 $a1-4519-1758-9 327 $aContents; 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 Boards 327 $aA3. Membership in Preferential Trade AgreementsA4. Bilateral Preferential Trade Agreements; References 330 $aThe introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade flows. Rose's (2000) initial estimates suggested a tripling of trade and created a literature in search of ""more reasonable"" CU effects. A recent meta-analysis of this literature shows that subsequent papers quantify CU trade impacts at 30-90 percent. However, most recent studies use shorter time series and fewer countries than Rose in his original work. We revisit Rose's original benchmark, extend the dataset, and address Baldwin's (2006) critiques regarding the proper speci 410 0$aIMF working paper ;$vWP/09/186. 606 $aMonetary unions 606 $aTariff 606 $aFree trade 608 $aElectronic books. 615 0$aMonetary unions. 615 0$aTariff. 615 0$aFree trade. 676 $a332.4566094 700 $aEicher$b Theo S$0895009 701 $aHenn$b Christian$f1978-$0895010 712 02$aInternational Monetary Fund.$bStrategy, Policy, and Review Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463993403321 996 $aOne money, one market$92110725 997 $aUNINA