How Long to Read One Money, One Market - A Revised Benchmark

By Theo S. Eicher

How Long Does it Take to Read One Money, One Market - A Revised Benchmark?

It takes the average reader and 23 minutes to read One Money, One Market - A Revised Benchmark by Theo S. Eicher

Assuming a reading speed of 250 words per minute. Learn more

Description

The introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade flows. Rose's (2000) initial estimates suggested a tripling of trade and created a literature in search of "more reasonable" CU effects. A recent meta-analysis of this literature shows that subsequent papers quantify CU trade impacts at 30-90 percent. However, most recent studies use shorter time series and fewer countries than Rose in his original work. We revisit Rose's original benchmark, extend the dataset, and address Baldwin's (2006) critiques regarding the proper specification of gravity models in large panels by simultaneously accounting for multilateral resistance and unobserved bilateral heterogeneity. This produces a robust average CU trade effect of 45 percent. Yet, the trade impacts of individual CUs vary substantially and are generally lower than those of preferential trade agreements (PTAs). Our revised benchmark can be used as a yardstick for future studies to delineate how estimates differ due to new data or differences in econometric specifications.

How long is One Money, One Market - A Revised Benchmark?

One Money, One Market - A Revised Benchmark by Theo S. Eicher is 23 pages long, and a total of 5,819 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read One Money, One Market - A Revised Benchmark Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read One Money, One Market - A Revised Benchmark aloud.

What Reading Level is One Money, One Market - A Revised Benchmark?

One Money, One Market - A Revised Benchmark is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy One Money, One Market - A Revised Benchmark?

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