The consequences of the introduction of the euro: A nested mixed-effects analysis of the international banking positions

Kazusuke Tsujimura, Masako Tsujimura

研究成果: Article査読

3 被引用数 (Scopus)

抄録

In this paper, we will examine the effects of the launch of the euro from the perspective of the international banking positions by a combination of the gravity model, widely used to explain the structure of world trade, and the mixed effects model, which is a hybrid version of the fixed and random effects models of panel data analysis. The specification could be examined by the likelihood ratio tests by decomposing the model into fixed and random effects elements. The empirical study indicates that the new currency is certain to benefit the euro area, but the effects on the non-euro members of the EU are not as clear as superficial analysis suggests.

本文言語English
ページ(範囲)583-597
ページ数15
ジャーナルEmpirical Economics
37
3
DOI
出版ステータスPublished - 2009 1 1

ASJC Scopus subject areas

  • 統計学および確率
  • 数学(その他)
  • 社会科学(その他)
  • 経済学、計量経済学

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