LEADER 04708oam 22010694 450 001 9910788343103321 005 20230721045651.0 010 $a1-4623-0533-4 010 $a1-4527-4705-9 010 $a9786612842009 010 $a1-282-84200-5 010 $a1-4518-7107-4 035 $a(CKB)3170000000055143 035 $a(EBL)1608062 035 $a(SSID)ssj0001487326 035 $a(PQKBManifestationID)11881442 035 $a(PQKBTitleCode)TC0001487326 035 $a(PQKBWorkID)11479832 035 $a(PQKB)11151574 035 $a(OCoLC)460638693 035 $a(MiAaPQ)EBC1608062 035 $a(IMF)WPIEE2008249 035 $a(EXLCZ)993170000000055143 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTrade Effects of Currency Unions : $eDo Economic Dissimilarities Matter? /$fGiorgia Albertin 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (29 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/249 300 $aDescription based upon print version of record. 311 $a1-4519-1560-8 320 $aIncludes bibliographical references. 327 $aContents; 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 3 327 $aD. Proof of Proposition 4E. Proof of Proposition 5; F. Proof of Proposition 6; References 330 3 $aThis paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the trade effects fostered by a common currency. We show that sharing a common currency enhances the volume of bilateral trade among countries. However, the more economically dissimilar is an accession country, compared to the original members of a currency union, the smaller are the gains in trade that would follow the enlargement of a currency union. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/249 606 $aMonetary unions$xEconometric models 606 $aCurrency question$xEconometric models 606 $aCommerce$xEconometric models 606 $aEquilibrium (Economics)$xEconometric models 606 $aExports and Imports$2imf 606 $aLabor$2imf 606 $aFinancial Aspects of Economic Integration$2imf 606 $aTrade Policy$2imf 606 $aInternational Trade Organizations$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aTrade: General$2imf 606 $aInternational economics$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aMonetary unions$2imf 606 $aPlurilateral trade$2imf 606 $aTrade balance$2imf 606 $aWages$2imf 606 $aImports$2imf 606 $aInternational trade$2imf 606 $aBalance of trade$2imf 615 0$aMonetary unions$xEconometric models. 615 0$aCurrency question$xEconometric models. 615 0$aCommerce$xEconometric models. 615 0$aEquilibrium (Economics)$xEconometric models. 615 7$aExports and Imports 615 7$aLabor 615 7$aFinancial Aspects of Economic Integration 615 7$aTrade Policy 615 7$aInternational Trade Organizations 615 7$aEmpirical Studies of Trade 615 7$aWages, Compensation, and Labor Costs: General 615 7$aTrade: General 615 7$aInternational economics 615 7$aLabour 615 7$aincome economics 615 7$aMonetary unions 615 7$aPlurilateral trade 615 7$aTrade balance 615 7$aWages 615 7$aImports 615 7$aInternational trade 615 7$aBalance of trade 676 $a332.4566 700 $aAlbertin$b Giorgia$01148770 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788343103321 996 $aTrade Effects of Currency Unions$93716482 997 $aUNINA