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The effect of common currencies on trade

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dc.contributor.advisor Akinboade, O.A. en
dc.contributor.advisor Bekker, D. en
dc.contributor.author Szebeni, Katalin en
dc.date.accessioned 2009-08-25T10:50:05Z
dc.date.available 2009-08-25T10:50:05Z
dc.date.issued 2009-08-25T10:50:05Z
dc.date.submitted 2004-11-30 en
dc.identifier.uri http://hdl.handle.net/10500/1155
dc.description.abstract The theory of optimum currency areas states that the more two countries trade with each other, the better candidates they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and the integration process itself turns the countries into optimal currency areas. The potential increase in trade is regarded as one of the most important benefits of a currency union. Indirect evidence from studies on the effect of exchange rate volatility on trade does not support this claim. Rose argues that the common currency effect on trade is separate from the effect of the elimination of exchange rate variability and finds a large positive effect of a currency union on trade. Although his methodology has met with criticism, most studies find a positive estimate. A meta-analysis of the studies confirms that a common currency has a statistically and economically significant trade-creating effect. en
dc.format.extent 1 online resource (v, 150 leaves.)
dc.language.iso en en
dc.subject Meta-analysis en
dc.subject Endogeneity en
dc.subject Gravity model en
dc.subject Exchange rate volatility en
dc.subject Trade en
dc.subject Dollarization en
dc.subject Currency union en
dc.subject Optimum currency area en
dc.subject.ddc 382
dc.subject.lcsh Commerce -- Effect of currency unions on
dc.subject.lcsh Money
dc.subject.lcsh Monetary unions
dc.title The effect of common currencies on trade en
dc.type Dissertation en
dc.description.department Economics en
dc.description.degree M.Com. (Economics) en


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