Series: IMF Working Papers
Author(s): Antonis Adam , James McHugh , and Theodora Kosma
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2003
Keywords: Trade liberalization, gravity models, stability pact, CEFTA, BFTA, trade area, free trade, free trade area, regional trade, portfolio choice
This paper explores the effectiveness of the Central European Free Trade Area (CEFTA) and the Baltic Free Trade Area (BFTA). Estimates from a gravity model and bilateral trade data support the view that both CEFTA...