科研之友
微信
新浪微博
Facebook
分享链接
摘要
The question of whether and how much currency unions increase bilateral trade among their members has garnered much attention since Roses seminal article. The answer is as pertinent now as ever for both the Eurozones existing and future members as the financial crisis shook the very foundations of the European Monetary Union (EMU) and brought its shortcomings into the spotlight. This paper analyses the issue using the gravity equation with country pair and time fixed effects. For a sample of the four new members of the EMU Slovakia, Slovenia, Malta and Cyprus which has, to the authors knowledge, not been studied thus far due to their recent joining, and controls drawn from the European Union, this paper finds a positive relationship between joining the EMU and trade with EMU partners but not with non-EMU partners.
- 出版日期2013-1
