{"data":{"id":"10.7910/dvn/hhhm5e","type":"dois","attributes":{"doi":"10.7910/dvn/hhhm5e","prefix":"10.7910","suffix":"dvn/hhhm5e","identifiers":[],"alternateIdentifiers":[],"creators":[{"name":"Cavallo, Alberto","nameType":"Personal","givenName":"Alberto","familyName":"Cavallo","affiliation":["MIT"],"nameIdentifiers":[]},{"name":"Neiman, Brent","nameType":"Personal","givenName":"Brent","familyName":"Neiman","affiliation":["University of Chicago"],"nameIdentifiers":[]},{"name":"Rigobon, Roberto","nameType":"Personal","givenName":"Roberto","familyName":"Rigobon","affiliation":["MIT"],"nameIdentifiers":[]}],"titles":[{"title":"Cavallo, A., Neiman, B., \u0026amp; Rigobon, R. (2015) \"The Price Impact of Joining a Currency Union: Evidence from Latvia\" - IMF Economic Review, Vol. 63(2), p. 281-297."}],"publisher":"Harvard Dataverse","container":{},"publicationYear":2015,"subjects":[{"subject":"Business and Management"},{"subject":"FOS: Economics and business","schemeUri":"http://www.oecd.org/science/inno/38235147.pdf","subjectScheme":"Fields of Science and Technology (FOS)"},{"subject":"Social Sciences"},{"subject":"Online Data"},{"subject":"Billion Prices Project"},{"subject":"Law of One Price"},{"subject":"Currency Regime"},{"subject":"Real Exchange Rate"},{"subject":"Purchasing Power Parity"},{"subject":"Scraped Online Prices"},{"subject":"Economics"},{"subject":"International Finance"}],"contributors":[{"name":"Cavallo, Alberto","nameType":"Personal","givenName":"Alberto","familyName":"Cavallo","affiliation":["MIT"],"contributorType":"ContactPerson","nameIdentifiers":[]},{"name":"Neiman, Brent","nameType":"Personal","givenName":"Brent","familyName":"Neiman","affiliation":["University of Chicago"],"contributorType":"ContactPerson","nameIdentifiers":[]}],"dates":[{"date":"2015-05-12","dateType":"Submitted"},{"date":"2015-05-20","dateType":"Available"},{"date":"2018-04-17","dateType":"Updated"},{"date":"2015","dateType":"Issued"}],"language":null,"types":{"ris":"DATA","bibtex":"misc","citeproc":"dataset","schemaOrg":"Dataset","resourceTypeGeneral":"Dataset"},"relatedIdentifiers":[{"relationType":"IsSupplementTo","relatedIdentifier":"10.1093/qje/qju008","relatedIdentifierType":"DOI"},{"relationType":"HasPart","relatedIdentifier":"10.7910/dvn/hhhm5e/schzmf","relatedIdentifierType":"DOI"},{"relationType":"HasPart","relatedIdentifier":"10.7910/dvn/hhhm5e/r3mnub","relatedIdentifierType":"DOI"}],"relatedItems":[],"sizes":["3951926020","7836336394","363896205"],"formats":["text/tab-separated-values","application/x-stata-13","application/zip"],"version":"3.1","rightsList":[{"rightsUri":"info:eu-repo/semantics/openAccess"},{"rights":"Custom terms specific to this dataset","rightsUri":"https://dataverse.harvard.edu/api/datasets/:persistentId/versions/3.1/customlicense?persistentId=doi:10.7910/DVN/HHHM5E"}],"descriptions":[{"description":"Does membership in a currency union matter for a country's international relative prices? The answer to this question is critical for thinking about the implications of joining (or exiting) a common currency area. This paper is the first to use high-frequency good-level data to provide evidence that the answer is yes, at least for an important subset of consumption goods. We consider the case of Latvia, which recently dropped its pegged exchange rate and joined the euro zone. We analyze the prices of thousands of differentiated goods sold by Zara, the world's largest clothing retailer. Price dispersion between Latvia and euro zone countries collapsed swiftly following entry to the euro. The percentage of goods with nearly identical prices in Latvia and Germany increased from 6 percent to 89 percent. The median size of price differentials declined from 7 percent to zero. If a large number of firms also behave this way, these results suggest that membership in a currency union has significant implications for a country's real exchange rate.","descriptionType":"Abstract"},{"description":"Please cite the paper if you use the data. \r\n\r\nThis dataverse contains the micro price data file. Other replication materials for this paper are available in our personal academic webpages (see http://acavallo.mit.edu or http://faculty.chicagobooth.edu/brent.neiman) and the Journal's website.\r\n \r\nSee bpp.mit.edu for more details about the Billion Prices 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