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Patterns of Invoicing Currency in Global Trade: New Evidence

Emine Boz, +6 more
- 01 Mar 2022 - 
- Vol. 136, pp 103604-103604
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TLDR
In this article , the authors present the most comprehensive and up-to-date panel data set of invoicing currency patterns in global trade and provide data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for 115 countries since 1990.
About: 
This article is published in Journal of International Economics.The article was published on 2022-03-01 and is currently open access. It has received 21 citations till now. The article focuses on the topics: Euros & Liberian dollar.

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Reserve Currencies in an Evolving International Monetary System

Alina Iancu, +8 more
TL;DR: Using a newly compiled database of individual economies' reserve holdings by currency, the authors finds that financial links have been an increasingly important driver of reserve currency configurations since the global financial crisis, particularly for emerging market and developing economies.
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The Global Dollar Cycle

Maurice Obstfeld, +1 more
- 01 Sep 2022 - 
TL;DR: In this article , the US dollar's nominal effective exchange rate closely tracks global financial conditions, which themselves show a cyclical pattern and predict economic downturns in emerging markets and developing economies.
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The Dominant Currency Financing Channel of External Adjustment

Camila Casas, +2 more
TL;DR: In this article, evidencia of un nuevo mecanismo de transmision de movimientos of multinationals is presented to evaluate the tasa de cambios a la balanza comercial.
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The Euro on the global stage

- 10 Apr 2023 - 
TL;DR: In this article , the authors review the evolution of the euro's international role along with the development of the institutional architecture to support it, and discuss how the European Economic and Monetary Union can support the common currency on the international stage.
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Recent Developments in Exchange Rate Pass-Through: What Have We Learned from Uncertain Times?

Nidhaleddine Ben Cheikh, +2 more
- 01 Jan 2023 - 
TL;DR: In this paper , the influence of geopolitical uncertainty on the degree of exchange rate pass-through into domestic prices for a sample of advanced and emerging economies was analyzed for a dynamic panel threshold regression model to capture the possible presence of regime shifts in the exchange transmission.
References
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Journal ArticleDOI

International Dimensions of Optimal Monetary Policy

Giancarlo Corsetti, +4 more
- 01 Mar 2005 - 
TL;DR: In this article, the authors provide a baseline general equilibrium model of optimal monetary policy among interdependent economies with monopolistic firms and nominal rigidities, and show that optimal monetary rules in a world Nash equilibrium lead to less exchange rate volatility relative to both inward-looking rules and discretionary policies, even when the latter do not suffer from any inflationary bias.
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Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?

Ethan Ilzetzki, +2 more
- 01 May 2019 - 
TL;DR: This article provided a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange restrictions for 194 countries and territories over 1946-2016, finding that the often cited post-Bretton Woods transition from fixed to flexible arrangements is overstated; regimes with limited flexibility remain in the majority.
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International Prices and Exchange Rates

Ariel Burstein, +3 more
- 01 Jan 2014 - 
TL;DR: In this paper, the authors survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates and present a simple framework to interpret this evidence, and review theoretical models that generate insensitivity of prices to exchange rate changes through variable markups, under flexible prices and nominal rigidities, first in partial equilibrium and then in general equilibrium.
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Vehicle currency use in international trade

Linda S. Goldberg, +2 more
- 01 Dec 2008 - 
TL;DR: This paper explored the major driving forces for currency invoicing in international trade with a simple model and a novel dataset covering 24 countries and found that exporters minimize the movements of their prices relative to their competitors' with incentives to hedge macroeconomic volatility and transaction costs.
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Currency Choice and Exchange Rate Pass-Through

Gita Gopinath, +2 more
- 01 Mar 2010 - 
TL;DR: This article showed that even conditional on a price change, there is a large difference in the pass-through of the average good priced in dollars (25%) versus non-dollars (95%).