{"id":"https://openalex.org/W2145012575","doi":"https://doi.org/10.1111/1468-0327.00081","title":"Currency unions and trade: how large is the treatment effect?","display_name":"Currency unions and trade: how large is the treatment effect?","publication_year":2001,"publication_date":"2001-10-01","ids":{"openalex":"https://openalex.org/W2145012575","doi":"https://doi.org/10.1111/1468-0327.00081","mag":"2145012575"},"language":"en","primary_location":{"id":"doi:10.1111/1468-0327.00081","doi":"https://doi.org/10.1111/1468-0327.00081","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0327.00081","pdf_url":null,"source":{"id":"https://openalex.org/S99606308","display_name":"Economic Policy","issn_l":"0266-4658","issn":["0266-4658","1468-0327"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","ki-jl-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Policy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"T. Persson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I161593684","display_name":"Stockholm University","ror":"https://ror.org/05f0yaq80","country_code":"SE","type":"education","lineage":["https://openalex.org/I161593684"]}],"countries":["SE"],"is_corresponding":true,"raw_author_name":"T. Persson","raw_affiliation_strings":["Institute for International Economic Studies and Stockholm University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institute for International Economic Studies and Stockholm University","institution_ids":["https://openalex.org/I161593684"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I161593684"],"apc_list":{"value":6468,"currency":"EUR","value_usd":7310},"apc_paid":null,"fwci":88.0806,"has_fulltext":false,"cited_by_count":416,"citation_normalized_percentile":{"value":0.99940972,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"16","issue":"33","first_page":"434","last_page":"448"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.04360000044107437,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.009499999694526196,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-union","display_name":"monetary union","score":0.9940000176429749},{"id":"https://openalex.org/keywords/single-currency","display_name":"single currency","score":0.7979999780654907},{"id":"https://openalex.org/keywords/international-trade","display_name":"international trade","score":0.9769999980926514},{"id":"https://openalex.org/keywords/trade-determinants","display_name":"trade determinants","score":0.6700000166893005},{"id":"https://openalex.org/keywords/measurement-error","display_name":"measurement error","score":0.5440000295639038},{"id":"https://openalex.org/keywords/treatment-effect-estimation","display_name":"treatment effect estimation","score":0.5339999794960022}],"concepts":[{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.8636751174926758},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7353191375732422},{"id":"https://openalex.org/C2779816988","wikidata":"https://www.wikidata.org/wiki/Q305418","display_name":"Abandonment (legal)","level":2,"score":0.7179596424102783},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5141842365264893},{"id":"https://openalex.org/C2776218795","wikidata":"https://www.wikidata.org/wiki/Q1125321","display_name":"Currency union","level":3,"score":0.507307231426239},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4772089123725891},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.4669046998023987},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.06915315985679626},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1111/1468-0327.00081","doi":"https://doi.org/10.1111/1468-0327.00081","is_oa":false,"landing_page_url":"https://doi.org/10.1111/1468-0327.00081","pdf_url":null,"source":{"id":"https://openalex.org/S99606308","display_name":"Economic Policy","issn_l":"0266-4658","issn":["0266-4658","1468-0327"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","ki-jl-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Policy","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.363.9454","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.363.9454","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://people.su.se/~tpers/papers/010529b.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:bla:ecpoli:v:16:y:2001:i:33:p:433-462","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/1468-0327.00081","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:oup:ecpoli:v:16:y:2001:i:33:p:434-448.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/1468-0327.00081","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W1483323320","https://openalex.org/W1492494577","https://openalex.org/W1530306231","https://openalex.org/W1989377468","https://openalex.org/W1989930905","https://openalex.org/W2008458109","https://openalex.org/W2066735350","https://openalex.org/W2080061756","https://openalex.org/W2150291618","https://openalex.org/W2170674684","https://openalex.org/W2613516010","https://openalex.org/W3122542817","https://openalex.org/W3122948292","https://openalex.org/W3125454191"],"related_works":["https://openalex.org/W2085615769","https://openalex.org/W2255745743","https://openalex.org/W1586508068","https://openalex.org/W3123011195","https://openalex.org/W2502107419","https://openalex.org/W4414758417","https://openalex.org/W4376601705","https://openalex.org/W1989930905","https://openalex.org/W3125207170","https://openalex.org/W7098344164"],"abstract_inverted_index":{"Currency":[0],"unions":[1,27],"and":[2,36,42,55,100,134,158],"trade":[3,16,41,95,121,187],"What":[4],"can":[5,17],"the":[6,38,59,88,113,180],"data":[7,148],"say?":[8],"The":[9,172],"impact":[10],"of":[11,62,90,116,141,154,182],"a":[12,63,117,139,145,183],"common":[13,91],"currency":[14,26,92,119,155,185],"on":[15,93,120,165,186],"be":[18,80],"grossly":[19],"mismeasured":[20],"if":[21,37],"countries":[22],"that":[23,33,50,87,112],"belong":[24],"to":[25,57,79,144,163,176],"are":[28,53,96,174],"systematically":[29],"different":[30],"from":[31],"those":[32],"do":[34],"not,":[35],"relationship":[39],"between":[40],"its":[43],"observable":[44],"determinants":[45],"is":[46,188],"complex.":[47],"I":[48,85,108,126,137],"argue":[49],"such":[51],"complications":[52],"plausible":[54],"likely":[56],"distort":[58],"empirical":[60],"results":[61,173],"recent":[64],"Economic":[65],"Policy":[66],"paper":[67],"by":[68,130],"Andrew":[69,191],"Rose":[70,192],"(Issue":[71],"30,":[72],"2000:":[73],"pp.":[74],"7\u201345).":[75],"Using":[76],"techniques":[77,143],"designed":[78],"robust":[81],"in":[82],"this":[83],"situation,":[84],"find":[86],"effects":[89],"international":[94],"considerably":[97],"less":[98,102],"dramatic":[99],"much":[101],"precisely":[103],"estimated.":[104],"\u2014":[105,190],"Torsten":[106,131],"persson":[107],"have":[109],"always":[110],"maintained":[111],"measured":[114],"effect":[115,181],"single":[118,184],"appears":[122],"implausibly":[123],"large,":[124],"but":[125],"am":[127],"not":[128],"convinced":[129],"Persson\u2019s":[132],"diagnosis":[133],"proposed":[135],"solution.":[136],"apply":[138],"variety":[140],"estimation":[142],"new":[146],"larger":[147],"set,":[149],"where":[150],"many":[151],"more":[152],"instances":[153],"union":[156],"creation":[157],"abandonment":[159],"make":[160],"it":[161],"possible":[162],"rely":[164],"time\u2013series":[166],"as":[167,169],"well":[168],"cross\u2013sectional":[170],"evidence.":[171],"similar":[175],"my":[177],"earlier":[178],"ones:":[179],"large.":[189]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":8},{"year":2017,"cited_by_count":13},{"year":2016,"cited_by_count":8},{"year":2015,"cited_by_count":14},{"year":2014,"cited_by_count":16},{"year":2013,"cited_by_count":17},{"year":2012,"cited_by_count":19}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}