The currency union effect on trade is decreasing over time

Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexpected trend: the currency union impact on trade is decreasing over time. This result suggests that with trade and financial globalization currency unions become less and less important to promote trade.

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Year of publication:	2011-11
Authors:	De Sousa, Jose

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Type of publication:	Book / Working Paper
Language:	English
Notes:	De Sousa, Jose (2011): The currency union effect on trade is decreasing over time.
Classification:	F15 - Economic Integration ; F33 - International Monetary Arrangements and Institutions
Source:	BASE

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