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The euro’s trade effect under cross-sectional heterogeneity and stochastic resistance

Herwartz, Helmut; Weber, Henning - 2010

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs …, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which …, aggregate exports within the euro area increase between 2000 and 2002 by 15 to 25 percent compared with aggregate exports …

Persistent link: https://www.econbiz.de/10003976871

OCA theory and EMU Eastern enlargement : an empirical application

Weimann, Marco - 2003

Persistent link: https://www.econbiz.de/10001757453

OCA theory and EMU eastern enlargement : an empirical application

Weimann, Marco - 2002

Persistent link: https://www.econbiz.de/10001682919

OCA theory and EMU eastern enlargement : an empirical application

Weimann, Marco - 2002

Already before the final introduction of the single European currency there have been negotiations on a further enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely to be realised within the next 10 years and it is an...

Persistent link: https://www.econbiz.de/10010506205

OCA theory and EMU Eastern enlargement : an empirical application

Weimann, Marco - 2003 - This version: April 2003

years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the …

Persistent link: https://www.econbiz.de/10010503148

Regional Risksharing and Redistribution in the German Federation

Hepp, Ralf; von Hagen, Jürgen - 2005

We provide empirical estimates of the risksharing and redistributive properties of fiscal equalization among the states of the German federation. Fiscal equalization serves as a mechanism to insure state budgets against asymmetric revenue shocks, but provides almost no insurance against regional...

Persistent link: https://www.econbiz.de/10014062024

The nature and propagation of shocks in the euro area : a comparative SVAR analysis

Coco, Alberto; Silvestrini, Andrea - In: International journal of computational economics and … 7 (2017) 1/2, pp. 95-114

Persistent link: https://www.econbiz.de/10011713551

Currency unions, trade, and heterogeneity

Chen, Natalie; Novy, Dennis - 2018

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...

Persistent link: https://www.econbiz.de/10011867116

The Suitability of a Greater China Currency Union

Research, Hong Kong Institute for Monetary and Financial - 2022

This working paper was written by Yin-wong Cheung (University of California, Santa Cruz) and Jude Yuen (University of California, Santa Cruz).The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and Taiwan) and examines the suitability of...

Persistent link: https://www.econbiz.de/10014048654

Real interest parity in the EU and the consequences for euro area membership : panel data evidence, 1979 - 2005

O'Brien, Martin (contributor) - 2007

(OCA) criteria. Using the DF-GLS and the CIPS* panel unit root test, RIP is tested for a sample of Euro area and non-Euro … most of the sample between 1979 M3 and 1998 M12. There is evidence in favour of RIP for most of the Euro area sample during … the 1999 M1 – 2005 M12 sub-period, exceptions being Ireland, Italy and Spain. RIP does not hold for any of the non-Euro …

Persistent link: https://www.econbiz.de/10003449239