Does a Currency Union Boost International Trade? Case Solution
This article identifiesthe impact of currency unions--the selection by a couple of states to embrace precisely the same money--on international trade. It shows that even after all other important variables are held constant, money unions have an important impact on commerce: nations that share the same money trade with each other three times as much as with nations with currencies that are different.
This investigation revealsthe impact of the single European currency on commerce--and therefore rivalry--within Europe will be a great deal more significant than many observers have called.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: January 01, 2000 PRODUCT #: CMR166-HCB-ENG