On the Determinants of Exporters' Currency Pricing: History vs. Expectations
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下载链接:
https://www.nber.org/papers/w12432
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资源简介:
The purpose of this paper is to investigate why the choice of invoice currency under exchange rate uncertainty depends not only on expectations but also on history. The analysis is motivated by the fact that the U.S. dollar has historically been the dominant vehicle currency in developing countries.
提供机构:
美国国家经济研究局
创建时间:
2006-08-01



