@article{e85edd499f524e7cbce47a8b109675d8,
title = "The nonlinear impact of currency unions on bilateral trade",
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.",
keywords = "Common currency, Currency union, Gravity model",
author = "Hajime Katayama and Mark Melatos",
note = "Funding Information: Melatos gratefully acknowledges financial support from the Australian Research Council. ",
year = "2011",
month = jul,
doi = "10.1016/j.econlet.2011.03.022",
language = "English",
volume = "112",
pages = "94--96",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",
}