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Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters

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NBER2020-10-01 更新2025-01-04 收录
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Using new data on currency invoicing for Belgian firms, we analyze how firms make their currency choice, for both exports and imports, and the implications of this choice for exchange rate pass-through into prices and quantities. We derive our estimating equations from a theoretical framework

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2020-10-01
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