Series: IMF Working Papers
Author(s): Michal Hulej , Charalambos Tsangarides , and Pierre Ewenczyk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2006
Keywords: Gravity model, Currency Union, samples, equation, free trade, statistics, Country and Industry Studies of Trade, International Monetary Arrangements and Institutions,
This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings sug...