Two islands – two monies : the effect of breaking the Sterling link on Anglo-Irish trade
|Title:||Two islands – two monies : the effect of breaking the Sterling link on Anglo-Irish trade||Authors:||Walsh, Brendan M.||Permanent link:||http://hdl.handle.net/10197/3041||Date:||2000||Abstract:||This paper studies the effect on Anglo-Irish trade of breaking the link between the Irish pound and sterling in 1979. A gravity model is used to explore this issue. No evidence is found of a structural break following the dismantling of the currency union. Nor did the resultant exchange rate volatility have a significant adverse effect on trade. These results do not support the belief that currency unions result in increased trade flows, either directly or by reducing exchange rate volatility.||Funding Details:||Not applicable||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Keywords:||Anglo-irish trade;Monetary policies;Currency;Trade flows;Gravity model;Volatility;Exchange rate;Ireland;Sterling||Subject LCSH:||Monetary policy--Ireland
Foreign exchange rates--Econometric models--Ireland
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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