A Meta-Analysis of the Effect of Common Currencies on International Trade
对34项关于货币联盟对贸易影响的研究进行元分析,发现货币联盟显著促进贸易,双边货币联盟使贸易增长30%至90%。
Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard significance levels; b) the combined estimate implies that a bilateral currency union increase trade by between 30 % and 90%; and c) the estimates are heterogeneous and not consistently tied to most features of the studies. JEL Classification Number: F34