Banking, Trade, and the making of a Dominant Currency
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We explore the interplay between trade invoicing patterns and the pricing of safe assets in different currencies. Our theory highlights the following points: 1) a currencys role as a unit of account for invoicing decisions is complementary to its role as a safe store of value; 2) this
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美国国家经济研究局创建时间：
2018-04-01
