Rose effect and the euro: is the magic gone?

@article{Havrnek2009RoseEA,
  title={Rose effect and the euro: is the magic gone?},
  author={Tom{\'a}{\vs} Havr{\'a}nek},
  journal={Review of World Economics},
  year={2009},
  volume={146},
  pages={241-261}
}
  • T. Havránek
  • Published 1 August 2009
  • Economics
  • Review of World Economics
This paper presents an updated meta-analysis of the effect of currency unions on trade, focusing on the euro area. Using meta-regression methods such as the funnel asymmetry test, evidence for strong publication bias is found. The estimated underlying effect for currency unions other than the eurozone reaches more than 60%. However, according to the meta-regression analysis, the euro’s trade promoting effect corrected for publication bias is insignificant. The Rose effect literature shows signs… Expand
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