@techreport{NBERw10373, title = "A Meta-Analysis of the Effect of Common Currencies on International Trade", author = "Andrew Rose", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "10373", year = "2004", month = "March", URL = "http://www.nber.org/papers/w10373", abstract = {Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that: a) the hypothesis that there is no effect of currency union on trade can be rejected at standard significance levels; b) the combined estimate implies that a bilateral currency union increase trade by between 30% and 90%; and c) the estimates are heterogeneous and not consistently tied to most features of the studies.}, }