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 for promoting trade.

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Year of publication:	2012
Authors:	de Sousa, José
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 3, p. 917-920
Publisher:	Elsevier
Subject:	Currency unions \| Dollarization \| Trade \| Gravity \| Poisson

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Type of publication:	Article
Classification:	F15 - Economic Integration ; F33 - International Monetary Arrangements and Institutions
Source:	RePEc - Research Papers in Economics

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