LEADER 04984oam 22012614 450 001 9910788414903321 005 20230828232659.0 010 $a1-4623-7302-X 010 $a1-4527-1383-9 010 $a1-283-51154-1 010 $a1-4519-0827-X 010 $a9786613823991 035 $a(CKB)3360000000443393 035 $a(EBL)3014432 035 $a(SSID)ssj0000943264 035 $a(PQKBManifestationID)11523887 035 $a(PQKBTitleCode)TC0000943264 035 $a(PQKBWorkID)10977033 035 $a(PQKB)11376507 035 $a(OCoLC)694141081 035 $a(MiAaPQ)EBC3014432 035 $a(IMF)WPIEE2006031 035 $a(EXLCZ)993360000000443393 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aStylized Facts on Bilateral Trade and Currency Unions : $eImplications for Africa /$fMichal Hulej, Charalambos Tsangarides, Pierre Ewenczyk 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (37 p.) 225 1 $aIMF Working Papers 300 $a"January 2006." 311 $a1-4518-6291-1 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. LITERATURE REVIEW""; ""III. METHODOLOGY""; ""IV. RESULTS""; ""V. CONCLUSIONS""; ""References"" 330 3 $aThis paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings suggest that, in principle, membership in a currency union should benefit Africa as much as it does the rest of the world. In addition, we find evidence from both samples that the effect of currency unions on trade is large, almost a doubling; currency unions are associated with trade creation, increase price co-movements among members, and make trade more stable; and longer duration of currency union membership brings about more benefits, although with some diminishing returns. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/031 606 $aCommerce$xEconometric models 606 $aMonetary unions$xEconometric models 606 $aMonetary unions$zAfrica$xEconometric models 606 $aEconometrics$2imf 606 $aExports and Imports$2imf 606 $aLabor$2imf 606 $aMoney and Monetary Policy$2imf 606 $aFinancial Aspects of Economic Integration$2imf 606 $aLabor-Management Relations, Trade Unions, and Collective Bargaining: General$2imf 606 $aTrade Policy$2imf 606 $aInternational Trade Organizations$2imf 606 $aEconometric Modeling: General$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aInternational economics$2imf 606 $aTrade unions$2imf 606 $aEconometrics & economic statistics$2imf 606 $aMonetary economics$2imf 606 $aMonetary unions$2imf 606 $aLabor unions$2imf 606 $aPlurilateral trade$2imf 606 $aGravity models$2imf 606 $aCurrencies$2imf 606 $aInternational trade$2imf 606 $aEconometric models$2imf 606 $aMoney$2imf 607 $aSouth Africa$2imf 615 0$aCommerce$xEconometric models. 615 0$aMonetary unions$xEconometric models. 615 0$aMonetary unions$xEconometric models. 615 7$aEconometrics 615 7$aExports and Imports 615 7$aLabor 615 7$aMoney and Monetary Policy 615 7$aFinancial Aspects of Economic Integration 615 7$aLabor-Management Relations, Trade Unions, and Collective Bargaining: General 615 7$aTrade Policy 615 7$aInternational Trade Organizations 615 7$aEconometric Modeling: General 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aInternational economics 615 7$aTrade unions 615 7$aEconometrics & economic statistics 615 7$aMonetary economics 615 7$aMonetary unions 615 7$aLabor unions 615 7$aPlurilateral trade 615 7$aGravity models 615 7$aCurrencies 615 7$aInternational trade 615 7$aEconometric models 615 7$aMoney 700 $aHulej$b Michal$01546588 701 $aTsangarides$b Charalambos$01462110 701 $aEwenczyk$b Pierre$0125459 712 02$aInternational Monetary Fund. 712 02$aInternational Monetary Fund.$bAfrican Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788414903321 996 $aStylized Facts on Bilateral Trade and Currency Unions$93802285 997 $aUNINA