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A Meta-Analysis of the Effect of Common Currencies on International Trade
Rose, Andrew - 2004
Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that:...
Persistent link: https://www.econbiz.de/10012468320
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The Estimated Effects of the Euro on Trade : Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?
Frankel, Jeffrey A. - 2008
others used the gravity model on a much smaller data set to estimate the effects of the euro on trade among its members. The … that were estimated in the euro's first four years hold up in the second four years? The answer is yes. Second, and more … explanations for the gap between 15% and 200%. First, lags. The euro is still very young. Second, size. The European countries are …
Persistent link: https://www.econbiz.de/10012464108
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The Dynamic Effects of Currency Union on Trade
Bergin, Paul - 2010
A currency union's ability to increase international trade is one of the most debated questions in international macroeconomics. This paper studies the dynamics of these trade effects. First, an empirical study of the European Monetary Union finds that the extensive margin of trade (entry of new...
Persistent link: https://www.econbiz.de/10012462396
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Estimating the Effect of Currency Unions on Trade and Output
Frankel, Jeffrey A. - 2000
Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...
Persistent link: https://www.econbiz.de/10012470886
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The Impressive Effects of Tutoring on PreK-12 Learning : A Systematic Review and Meta-Analysis of the Experimental Evidence
Nickow, Andre - 2020
Tutoring--defined here as one-on-one or small-group instructional programming by teachers, paraprofessionals, volunteers, or parents--is one of the most versatile and potentially transformative educational tools in use today. Within the past decade, dozens of preK-12 tutoring experiments have...
Persistent link: https://www.econbiz.de/10012481331
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Tariff Rate Uncertainty and the Structure of Supply Chains
Heise, Sebastian; Pierce, Justin R.; Schaur, Georg; … - National Bureau of Economic Research - 2024
We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure provision of high-quality inputs via incentive premia. Empirically, we introduce a method for distinguishing between these Japanese versus spot-market (i.e., American)...
Persistent link: https://www.econbiz.de/10014486230
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Currency Areas, Labor Markets, and Regional Cyclical Sensitivity
Russ, Katheryn Niles; Shambaugh, Jay C.; Singh, Sanjay R. - National Bureau of Economic Research - 2023
In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...
Persistent link: https://www.econbiz.de/10014337753
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Euros and Zeros : The Common Currency Effect on Trade in New Goods
Baldwin, Richard E. - 2006
This paper tests whether trade in new goods is partially responsible for the pro-trade effects of the euro and provides …-firms trade model in a multi-country environment to structure our empirical model, we find that the euro had a positive impact on … the pro-trade effect of euro-usage on non-Euroland nations trading with euro-users. We confirmed the absence of trade …
Persistent link: https://www.econbiz.de/10012465988
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The Dollar versus the Euro as International Reserve Currencies
Chinn, Menzie David; Frankel, Jeffrey A.; Itō, Hiro - National Bureau of Economic Research - 2024
We begin by examining determinants of aggregate foreign exchange reserve holdings by central banks (size of issuing country's economy and financial markets, ability of the currency to hold value, and inertia). But understanding the determination of reserve holdings probably requires going beyond...
Persistent link: https://www.econbiz.de/10014528426
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The European Union, the Euro, and Equity Market Integration
Bekaert, Geert - 2010
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … between member countries whether or not members have also adopted the Euro. The Euro adoption as well as the anticipation of … the Euro adoption has minimal effects on market integration …
Persistent link: https://www.econbiz.de/10012462074