Trade effects of currency unions : do economic dissimilarities matter? /

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Bibliographic Details
Author / Creator:Albertin, Giorgia, author.
Imprint:Washington, D.C. : International Monetary Fund, ©2008.
©2008
Description:1 online resource (27 pages).
Language:English
Series:IMF working paper ; WP/08/249
IMF working paper ; WP/08/249.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12495060
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Other authors / contributors:IMF Institute.
ISBN:9781451871074
1451871074
1451915608
9781451915600
9781451915600
ISSN:2227-8885
Notes:Includes bibliographical references (pages 26-27).
Print version record.
Summary:This 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.
Other form:Print version: Albertin, Giorgia. Trade effects of currency unions. Washington, D.C. : International Monetary Fund, ©2008
Standard no.:10.5089/9781451915600.001