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Trade Effects of Currency Unions : Do Economic Dissimilarities Matter?

Albertin, Giorgia - 2008

This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...

Persistent link: https://www.econbiz.de/10014409072

Trade Effects of Currency Unions

Albertin, Giorgia - 2008

Persistent link: https://www.econbiz.de/10012677679

Stylized Facts on Bilateral Trade and Currency Unions : Implications for Africa

Tsangarides, Charalambos G - 2006

Persistent link: https://www.econbiz.de/10012691086

One Money, One Market - A Revised Benchmark

Henn, Christian - 2009

The introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade flows. Rose's (2000) initial estimates suggested a tripling of trade and created a literature in search of ""more reasonable"" CU effects. A recent meta-analysis of this...

Persistent link: https://www.econbiz.de/10012677842

The trade impact of China on EMU : is it even across members?

Mikkelsen, Uffe; Pérez Ruiz, Esther - 2012

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...

Persistent link: https://www.econbiz.de/10009622526

Africa's Oil Abundance and External Competitiveness : Do Institutions Matter?

Qureshi, Mahvash - 2008

This paper examines the structural competitiveness of oil-rich economies in sub-Saharan Africa relative to other major oil-exporting developing countries, and investigates reasons for systematic differences in the non-oil export performance across these economies. The analysis reveals that...

Persistent link: https://www.econbiz.de/10014409041

Financial Sector Debt Bias

Luca, Oana - 2016

Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect … financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for … investment banks and non-bank financial intermediaries such as finance and insurance companies. We find debt bias to be pervasive …

Persistent link: https://www.econbiz.de/10014408098

Deciding to enter a monetary union : the role of trade and financial linkages

Lama C., Ruy; Rabanal, Pau - 2012

This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....

Persistent link: https://www.econbiz.de/10009659826

Welfare effects of monetary integration : the common monetary area and beyond

Asonuma, Tamon; Debrun, Xavier; Masson, Paul R. - 2012

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii)...

Persistent link: https://www.econbiz.de/10009615868

A Coincident Indicator of the Gulf Cooperation Council (GCC) Business Cycle

Al-Hassan, Abdullah - 2009

This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and the real GDP growth have moved closely together....

Persistent link: https://www.econbiz.de/10012677760

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