Dollarization does promote trade

被引:9
|
作者
Lin, Shu [1 ]
Ye, Haichun [1 ]
机构
[1] Univ Colorado, Dept Econ, Denver, CO 80217 USA
关键词
Dollarization; Bilateral trade; Treatment effect; Propensity score matching; ECONOMETRIC EVALUATION ESTIMATOR; CURRENCY UNION; COMMON CURRENCIES; PROPENSITY SCORE; MONEY;
D O I
10.1016/j.jimonfin.2010.03.011
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study re-evaluates the treatment effect of dollarization on trade while explicitly controlling for self-selection of policy adoption. Employing a variety of propensity score matching methods, we show that dollarization not only increases bilateral US trade with dollarized countries, but promotes a dollarizer's bilateral trade with other dollar-zone countries as well. (c) 2010 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1124 / 1130
页数:7
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