The effect of a common currency on trade : Ireland before and after the Sterling link

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Title: The effect of a common currency on trade : Ireland before and after the Sterling link
Authors: Thom, Rodney
Walsh, Brendan M.
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Date: May-2001
Abstract: This paper uses the introduction of an exchange rate between Ireland and the UK in 1979 as a natural experiment to shed light on the effects of a common currency on the volume of international trade. No evidence is found from time series or panel regressions that the change of exchange rate regime had a significant effect on the pattern of Irish trade. This finding casts doubt on the belief that the European Economic and Monetary Union will have a major effect on the pattern of trade between participating countries.
Type of material: Working Paper
Publisher: University Collge Dublin. School Of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP 01/10
Copyright (published version): 2001 School Of Economics
Subject LCSH: Monetary unions
Foreign exchange rates
International trade
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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