The impact of fundamentals and promotion policy on trade invoicing
Georgios Georgiadis, Helena Le Mezo , Arnaud Mehl, Cédric Tille 26 July 2021 The US dollar has a dominant role in currency invoicing of global trade, covering around 40% of international transactions, followed by the euro and the renminbi. This column analyses the effects of economic fundamentals and government policies on currency invoicing patterns. Strategic complementarities and integration in global value chains are both important determinants of dollar and euro invoicing in trade ...
United States H Le Mezo Journal Of International Economics People Bank International Price System Equilibrium Model Of The International Price System
Source: voxeu.org