Currency Blocs

"An Estimate of the Effect of Common Currencies on Trade and Income," with Andrew Rose. Quarterly Journal of Economics. May 2002. SUMMARY published in Currency Unions, edited by Alberto Alesina and Robert Barro, Hoover Institution Press, Stanford, CA, 2001.  [Our data, some relevant op-ed and newspaper coverage, and a response to a comment by Dani Rodrik, are available at Andy Rose's website.] The Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002

"Emerging Currency Blocs" (with Shang-Jin Wei), International Center for Monetary and Banking Studies, Geneva, Sept. 2-4, 1993; in The International Monetary System: Its Institutions and its Future, edited by Hans Genberg, Springer, Berlin, 1995, 111-143.

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