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Baldwin, Richard 作者

Brookings Inst Pr

译者

出版日期

110 页数

$ 42.38 价格

Pap

丛书系列

9781898128915 图书编码

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发表于2024-09-20

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In or Out 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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The euro can be seen as the worlds largest economic policy experiment. Six years ago, European nations accounting for 20% of world output, 30% of world trade, and 300 million people found themselves using the same currency. Given the importance that monetary regimes have on the course of human events, this should have had effects all across the boardaffecting everything from unions wage bargaining to educational exchanges and corporate investment strategies. This report reviews the existing empirical literature on the trade effects of currency unions, in non-European and European cases. It goes on to speculate on the types of economic mechanisms that might be driving these trade effects and proposes diagnostic tests that could help reject some or all of the theoretical explanations. Finally, conclusions on the size of the trade effect of the euro are drawn.

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