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Regional Currency and Regional Trade Integration
2017
Journal of Global Economics
This paper put forward the concept of most frequently used regional currency and discovers there is a U-shape between regional trade integration and it. We choose sixteen in this paper which including all types of regional economic cooperation organisations at the national level. When the proportion of most frequently used regional currency is low, the use of this currency impedes the regional trade. But it promotes the regional trade when it passes the bottom of the U-shape. The transaction
doi:10.4172/2375-4389.1000245
fatcat:jffss3d2wfco7ihm3c6njbujsa