The nonlinear impact of currency unions on bilateral trade

Hajime Katayama, Mark Melatos

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Most gravity model specifications assume that a currency union varies the level of bilateral trade between members by a constant proportion. We demonstrate that a common currency also alters the slope of the relationship between bilateral trade and member country GDPs.

Original languageEnglish
Pages (from-to)94-96
Number of pages3
JournalEconomics Letters
Volume112
Issue number1
DOIs
Publication statusPublished - 2011 Jul 1

Keywords

  • Common currency
  • Currency union
  • Gravity model

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'The nonlinear impact of currency unions on bilateral trade'. Together they form a unique fingerprint.

  • Cite this