#  Currency Blocs 

 



 "[An Estimate](/file_url/1224) [of the Effect o](/file_url/1225)f [Common Currencies](https://wcfia.harvard.edu/sites/projects.iq.harvard.edu/files/wcfia/files/99_02-01_frankel.pdf) [on Trade and Income](https://www.andrewkrose.net/assets/documents/Currency%20Union/Effects%20on%20Output/Other%20Effects%20of%20Currency%20Union/An%20Estimate%20of%20the%20Effect%20of%20Currency%20Unions%20on%20Trade%20and%20Growth/FRCU.pdf)," with Andrew Rose, 2002, [*Quarterly Journal of Economics*, 117 no.2, May, pp 436-466](https://academic.oup.com/qje/article-abstract/117/2/437/1883899).  [CEPR DP 2631](https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2631); [NBER WP 7857](https://www.nber.org/papers/w7857). [With summary](/file_url/1226), published in *[Currency Unions](https://www.hoover.org/press-releases/new-books-hoover-press-currency-unions-edited-alberto-alesina-and-robert-j-barro)*, edited by Alberto Alesina and Robert Barro (Hoover Institution Press, Stanford, CA), 2001. \[Our data, some relevant op-ed and newspaper coverage, and a response to a comment by Dani Rodrik, are [available at Andy Rose's website](http://faculty.haas.berkeley.edu/arose/RecRes.htm#CUOther), including the Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002.\]

 "Emerging Currency Blocks" with Shang-Jin Wei, in *[The International Monetary System: Its Institutions and its Future](https://link.springer.com/book/10.1007/978-3-642-79681-4)*, 1995, edited by Hans Genberg, [Springer, 111](/%C2%A0https://link.springer.com/chapter/10.1007/978-3-642-79681-4_6)-143. "[Trade Blocs](/file_url/941) [and Currency Blocs](/file_url/1227)," with Shang-Jin Wei, in *The Monetary Future of Europe*, Guillermo de la Deheza, et al, eds. (Centre for Economic Policy Research: London), 1993. [NBER Working Paper 4335](https://www.nber.org/papers/w4335).

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 See also:- [ Currency Blocs ](/currencies-terms/currency-blocs)