Santana-Gallego, María; Ledesma-Rodríguez, Francisco J.; … - Asociación Española de Economía y Finanzas … - 2007
common currency on trade. On the basis of a gravity equation we estimate a moderate effect of a currency union on tourism of … almost 12%. Furthermore, we estimate a gravity equation for international trade, obtaining that the common currency effect on … excessive magnitude of the estimated effect of a common currency on trade in this literature. Finally, we analyze the impact of …