TY - BOOK ID - 136173959 TI - Does a Currency Union Affect Trade? The Time Series Evidence AU - Glick, Reuven. AU - Rose, Andrew K. AU - National Bureau of Economic Research. PY - 2001 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat UR - https://www.unicat.be/uniCat?func=search&query=sysid:136173959 AB - Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant declines in bilateral trade, after accounting for other factors. Assuming symmetry, we estimate that a pair of countries that starts to use a common currency experiences a doubling in bilateral trade. ER -