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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

IMF's assistance : devil's kiss or guardian angel?

Brandes, Julia (contributor); Schüle, Tobias (contributor) - 2007

. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private …'s signaling ability, our results state that repeated intervention is required to bail out a country, where by additional … assistance may induce moral hazard on the debtor side. Contrarily, if the IMF exerts a strong signaling effect, one single …

Persistent link: https://www.econbiz.de/10003636488

On the robustness of the trade-inducing effects of trade agreements and currency unions

Roy, Jayjit - In: Empirical economics : a journal of the Institute for … 47 (2014) 1, pp. 253-304

Persistent link: https://www.econbiz.de/10010380618

Unconditional convergence in currency unions : an analysis of European regions from 1991 to 2009

Firgo, Matthias; Huber, Peter - 2013

We analyze unconditional within-country convergence from 1991 to 2009 in 21 European countries. Unlike most previous studies we focus on the heterogeneity of convergence. We find that convergence processes in currency unions are extremely heterogenous, highly discontinuous and strongly...

Persistent link: https://www.econbiz.de/10010424527