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||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP00/06||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|Language:||en||Status of Item:||Not peer reviewed|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|
Show full item record
Page view(s) 20170
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.