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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/10013229387
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/10013236830
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/10013139286
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/10013222899
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/10013307597
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/10012760556
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/10013135396
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several … exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of … monetary union. The emergence of these problems just a dozen years after the start of the euro in 1999 was not an accident or …
Persistent link: https://www.econbiz.de/10013118129
This study grounds the establishment of EMU and the euro in the context of the history of international monetary … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …
Persistent link: https://www.econbiz.de/10012772728
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption … from expectations of euro adoption will further feed that boom. On the other hand the fact that interest rates have already … converged part way to euro-area levels (and more extensively than in earlier adopters that experienced a sharp fall in rates and …
Persistent link: https://www.econbiz.de/10012769529