Euro usage in international trade amidst threats to multilateralism: evidence from Malawian imports
Author
Abstract
Suggested Citation
DOI: 10.1007/s10663-021-09523-8
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2020.
"Patterns in invoicing currency in global trade,"
Working Paper Series
2456, European Central Bank.
- Ms. Emine Boz & Camila Casas & Georgios Georgiadis & Ms. Gita Gopinath & Helena Le Mezo & Arnaud Mehl & Miss Tra Nguyen, 2020. "Patterns in Invoicing Currency in Global Trade," IMF Working Papers 2020/126, International Monetary Fund.
- Goldberg, Linda S. & Tille, Cédric, 2016. "Micro, macro, and strategic forces in international trade invoicing: Synthesis and novel patterns," Journal of International Economics, Elsevier, vol. 102(C), pages 173-187.
- Adrien Faudot & Jean-François Ponsot, 2016. "The Dollar dominance : recent episode of trade invoicing and debt issuance," Post-Print halshs-01288371, HAL.
- Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2020.
"Why is the euro punching below its weight?,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 35(103), pages 405-460.
- Ilzetzki, Ethan & Rogoff, Kenneth & Reinhart, Carmen, 2020. "Why is the Euro Punching Below its Weight," CEPR Discussion Papers 14315, C.E.P.R. Discussion Papers.
- Ilzetzki, Ethan & Reinhart, Carmen M. & Rogoff, Kenneth S., 2020. "Why is the Euro punching below it’s weight?," LSE Research Online Documents on Economics 104100, London School of Economics and Political Science, LSE Library.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2020. "Why Is the Euro Punching Below Its Weight?," NBER Working Papers 26760, National Bureau of Economic Research, Inc.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2020. "Why Is The Euro Punching Below Its Weight?," Discussion Papers 2022, Centre for Macroeconomics (CFM).
- Bacchetta, Philippe & van Wincoop, Eric, 2005.
"A theory of the currency denomination of international trade,"
Journal of International Economics, Elsevier, vol. 67(2), pages 295-319, December.
- Philippe Bacchetta & Eric van Wincoop, 2001. "A Theory of the Currency Denomination of International Trade," Working Papers 01.07, Swiss National Bank, Study Center Gerzensee.
- Philippe Bacchetta & Eric Van Wincoop, 2002. "A theory of the currency denomination of international trade," International Finance Discussion Papers 747, Board of Governors of the Federal Reserve System (U.S.).
- Philippe Bacchetta & Eric van Wincoop, 2001. "A Theory of the Currency Denomination of International Trade," Cahiers de Recherches Economiques du Département d'économie 01.13, Université de Lausanne, Faculté des HEC, Département d’économie.
- Bacchetta, Philippe & van Wincoop, Eric, 2002. "A Theory of Currency Denomination of International Trade," CEPR Discussion Papers 3120, C.E.P.R. Discussion Papers.
- Philippe Bacchetta & Eric van Wincoop, 2002. "A Theory of the Currency Denomination of International Trade," NBER Working Papers 9039, National Bureau of Economic Research, Inc.
- Ligthart, Jenny E. & Werner, Sebastian E.V., 2012.
"Has the euro affected the choice of invoicing currency?,"
Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1551-1573.
- Ligthart, J.E. & Werner, S.E.V., 2010. "Has the Euro Affected the Choice of Invoicing Currency?," Discussion Paper 2010-48, Tilburg University, Center for Economic Research.
- Jenny E. Ligthart & Sebastian E. V. Werner, 2011. "Has the Euro Affected the Choice of Invoicing Currency?," CAMA Working Papers 2011-03, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Jenny Ligthart & Sebastian E. V. Werner, 2010. "Has the Euro Affected the Choice of Invoicing Currency?," CESifo Working Paper Series 3058, CESifo.
- Ligthart, Jenny E. & Werner, Sebastian E. V., 2012. "Has the Euro affected the choice of invoicing currency?," Working Paper Series 1414, European Central Bank.
- Ligthart, J.E. & Werner, S.E.V., 2010. "Has the Euro Affected the Choice of Invoicing Currency?," Other publications TiSEM c4f82df9-a27a-4e89-95f3-e, Tilburg University, School of Economics and Management.
- Faudot, Adrien & Ponsot, Jean-François, 2016. "The Dollar Dominance : Recent Episode of Trade Invoicing and Debt Issuance," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 31(1), pages 41-64.
- Devereux, Michael B. & Engel, Charles & Storgaard, Peter E., 2004.
"Endogenous exchange rate pass-through when nominal prices are set in advance,"
Journal of International Economics, Elsevier, vol. 63(2), pages 263-291, July.
- Engel, Charles & Devereux, Michael B & Storgaard, Peter Ejler, 2002. "Endogenous Exchange Rate Pass-Through When Nominal Prices Are Set in Advance," CEPR Discussion Papers 3608, C.E.P.R. Discussion Papers.
- Michael B. Devereux & Charles Engel & Peter E. Storgaard, 2003. "Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance," CERS-IE WORKING PAPERS 0304, Institute of Economics, Centre for Economic and Regional Studies.
- Michael B. Devereux & Charles Engel & Peter E. Storgaard, 2002. "Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance," Working Papers 212002, Hong Kong Institute for Monetary Research.
- Michael B. Devereux & Charles Engel & Peter E. Storgaard, 2003. "Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance," NBER Working Papers 9543, National Bureau of Economic Research, Inc.
- Goldberg, Linda S. & Tille, Cédric, 2008.
"Vehicle currency use in international trade,"
Journal of International Economics, Elsevier, vol. 76(2), pages 177-192, December.
- Linda S. Goldberg & Cédric Tille, 2005. "Vehicle currency use in international trade," Staff Reports 200, Federal Reserve Bank of New York.
- Linda S. Goldberg & Cedric Tille, 2005. "Vehicle Currency Use in International Trade," NBER Working Papers 11127, National Bureau of Economic Research, Inc.
- Emine Boz & Gita Gopinath & Mikkel Plagborg-Møller, 2017.
"Global Trade and the Dollar,"
NBER Working Papers
23988, National Bureau of Economic Research, Inc.
- Ms. Emine Boz & Ms. Gita Gopinath & Mikkel Plagborg-Møller, 2017. "Global Trade and the Dollar," IMF Working Papers 2017/239, International Monetary Fund.
- Mikkel Plagborg-Moller & Gita Gopinath & Emine Boz, 2017. "Global Trade and the Dollar," 2017 Meeting Papers 1041, Society for Economic Dynamics.
- Emine Boz & Gita Gopinath & Mikkel Plagborg-Møller, 2017. "Global Trade and the Dollar," Working Paper 489661, Harvard University OpenScholar.
- Kamps, Annette, 2006. "The euro as invoicing currency in international trade," Working Paper Series 665, European Central Bank.
- Linda S. Goldberg & Cédric Tille, 2006. "The International Role of the Dollar and Trade Balance Adjustment," NBER Working Papers 12495, National Bureau of Economic Research, Inc.
- Camila Casas & Federico Díez & Gita Gopinath & Pierre-Olivier Gourinchas, 2017. "Dollar pricing redux," BIS Working Papers 653, Bank for International Settlements.
- Angella Faith Montfaucon, 2022.
"Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs: Evidence from Malawian Imports from the EU,"
International Economics, CEPII research center, issue 169, pages 191-207.
- Montfaucon, Angella Faith, 2022. "Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs: Evidence from Malawian Imports from the EU," International Economics, Elsevier, vol. 169(C), pages 191-207.
- Montfaucon,Angella Faith Lapukeni, 2021. "Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs : Evidence from Malawian Imports from the EU," Policy Research Working Paper Series 9577, The World Bank.
- Devereux, Michael B. & Dong, Wei & Tomlin, Ben, 2017. "Importers and exporters in exchange rate pass-through and currency invoicing," Journal of International Economics, Elsevier, vol. 105(C), pages 187-204.
- Paul Krugman, 1986. "Pricing to Market when the Exchange Rate Changes," NBER Working Papers 1926, National Bureau of Economic Research, Inc.
- Papke, Leslie E & Wooldridge, Jeffrey M, 1996.
"Econometric Methods for Fractional Response Variables with an Application to 401(K) Plan Participation Rates,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(6), pages 619-632, Nov.-Dec..
- Leslie E. Papke & Jeffrey M. Wooldridge, 1993. "Econometric Methods for Fractional Response Variables with an Application to 401(k) Plan Participation Rates," NBER Technical Working Papers 0147, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Natalie Chen & Wanyu Chung & Dennis Novy, 2022.
"Vehicle Currency Pricing and Exchange Rate Pass-Through,"
Journal of the European Economic Association, European Economic Association, vol. 20(1), pages 312-351.
- Chen, Natalie & Chung, Wanyu & Novy, Dennis, 2018. "Vehicle Currency Pricing and Exchange Rate Pass-Through," CEPR Discussion Papers 13085, C.E.P.R. Discussion Papers.
- Chen, Natalie & Chung, Wanyu & Novy, Dennis, 2019. "Vehicle currency pricing and exchange rate pass-through," LSE Research Online Documents on Economics 102748, London School of Economics and Political Science, LSE Library.
- Natalie Chen & Wanyu Chung & Dennis Novy, 2019. "Vehicle currency pricing and exchange rate pass-through," CEP Discussion Papers dp1624, Centre for Economic Performance, LSE.
- Natalie Chen & Wanyu Chung & Dennis Novy, 2019. "Vehicle Currency Pricing and Exchange Rate Pass-Through," CESifo Working Paper Series 7695, CESifo.
- Ligthart, J.E. & Werner, S.E.V., 2010. "Has the Euro Affected the Choice of Invoicing Currency?," Other publications TiSEM c4f82df9-a27a-4e89-95f3-e, Tilburg University, School of Economics and Management.
- Ligthart, Jenny E. & Werner, Sebastian E.V., 2012.
"Has the euro affected the choice of invoicing currency?,"
Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1551-1573.
- Jenny Ligthart & Sebastian E. V. Werner, 2010. "Has the Euro Affected the Choice of Invoicing Currency?," CESifo Working Paper Series 3058, CESifo.
- Jenny E. Ligthart & Sebastian E. V. Werner, 2011. "Has the Euro Affected the Choice of Invoicing Currency?," CAMA Working Papers 2011-03, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ligthart, J.E. & Werner, S.E.V., 2010. "Has the Euro Affected the Choice of Invoicing Currency?," Discussion Paper 2010-48, Tilburg University, Center for Economic Research.
- Ligthart, Jenny E. & Werner, Sebastian E. V., 2012. "Has the Euro affected the choice of invoicing currency?," Working Paper Series 1414, European Central Bank.
- Cook, David & Patel, Nikhil, 2023. "Dollar invoicing, global value chains, and the business cycle dynamics of international trade," Journal of International Economics, Elsevier, vol. 145(C).
- Georgiadis, Georgios & Schumann, Ben, 2021.
"Dominant-currency pricing and the global output spillovers from US dollar appreciation,"
Journal of International Economics, Elsevier, vol. 133(C).
- Georgios Georgiadis & Ben Schumann, 2019. "Dominant-Currency Pricing and the Global Output Spillovers from U.S. Dollar Appreciation," Globalization Institute Working Papers 368, Federal Reserve Bank of Dallas.
- Georgiadis, Georgios & Schumann, Ben, 2019. "Dominant-currency pricing and the global output spillovers from US dollar appreciation," Working Paper Series 2308, European Central Bank.
- Georgios Georgiadis & Ben Schumann, 2019. "Dominant-currency pricing and the global output spillovers from US dollar appreciation," GRU Working Paper Series GRU_2019_021, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Corsetti, Giancarlo & Crowley, Meredith & Han, Lu, 2022.
"Invoicing and the dynamics of pricing-to-market: Evidence from UK export prices around the Brexit referendum,"
Journal of International Economics, Elsevier, vol. 135(C).
- Corsetti, G. & Crowley, M. & Han, L., 2018. "Invoicing and the Dynamics of Pricing-to-market - Evidence from UK Export Prices around the Brexit Referendum," Cambridge Working Papers in Economics 1860, Faculty of Economics, University of Cambridge.
- Corsetti, Giancarlo & Crowley, Meredith A. & Han, Lu, 2022. "Invoicing and the Dynamics of Pricing-to-Market: Evidence from UK Export Prices around the Brexit Referendum," CEPR Discussion Papers 13282, C.E.P.R. Discussion Papers.
- Liu, Tao & Lu, Dong, 2019. "Trade, finance and endogenous invoicing currency: Theory and firm-level evidence," Pacific-Basin Finance Journal, Elsevier, vol. 56(C), pages 21-44.
- Montfaucon, Angella Faith, 2022.
"Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs: Evidence from Malawian Imports from the EU,"
International Economics, Elsevier, vol. 169(C), pages 191-207.
- Angella Faith Montfaucon, 2022. "Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs: Evidence from Malawian Imports from the EU," International Economics, CEPII research center, issue 169, pages 191-207.
- Montfaucon,Angella Faith Lapukeni, 2021. "Invoicing Currency and Symmetric Pass-Through of Exchange Rates and Tariffs : Evidence from Malawian Imports from the EU," Policy Research Working Paper Series 9577, The World Bank.
- Liu, Tao & Lu, Dong & Zhang, Ruifeng, 2017. "Currency choice in international trade: a new monetarist approach and firm-level evidence," MPRA Paper 79149, University Library of Munich, Germany.
- Davide Arioldi & Luigi Ventura & Mark David Witte, 2022. "Network‐adjusted market share and the currency denomination of trade," The World Economy, Wiley Blackwell, vol. 45(8), pages 2560-2592, August.
- Boz, Emine & Casas, Camila & Georgiadis, Georgios & Gopinath, Gita & Le Mezo, Helena & Mehl, Arnaud & Nguyen, Tra, 2022.
"Patterns of invoicing currency in global trade: New evidence,"
Journal of International Economics, Elsevier, vol. 136(C).
- Emine Boz & Camila Casas & Georgios Georgiadis & Gita Gopinath & Helena Le Mezo & Arnaud Mehl & Tra Nguyen, 2021. "Patterns of Invoicing Currency in Global Trade: New Evidence," NBER Chapters, in: NBER International Seminar on Macroeconomics 2021, National Bureau of Economic Research, Inc.
- Giancarlo Corsetti & Meredith Crowley & Lu Han & Huasheng Song, 2018.
"Markets and Markups: A New Empirical Framework and Evidence on Exporters from China,"
Discussion Papers
1803, Centre for Macroeconomics (CFM).
- Crowley, Meredith A. & Corsetti, Giancarlo & Han, Lu & Song, Huasheng, 2019. "Markets and Markup: A New Empirical Framework and Evidence on Exporters from China," CEPR Discussion Papers 13904, C.E.P.R. Discussion Papers.
- Corsetti, G. & Han, L. & Crowley, M. & Song, H., 2018. "Markets and Markups: A New Empirical Framework and Evidence on Exporters from China," Cambridge Working Papers in Economics 1815, Faculty of Economics, University of Cambridge.
- Corsetti, Giancarlo & Crowley, Meredith & Han, Lu & Song, Huasheng, 2018. "Markets and markups: a new empirical framework and evidence on exporters from China," LSE Research Online Documents on Economics 87180, London School of Economics and Political Science, LSE Library.
- Victor Lyonnet & Julien Martin & Isabelle Mejean, 2022.
"Invoicing Currency and Financial Hedging,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(8), pages 2411-2444, December.
- Martin, Julien & Lyonnet, Victor & Mejean, Isabelle, 2016. "Invoicing Currency and Financial Hedging," CEPR Discussion Papers 11700, C.E.P.R. Discussion Papers.
- Victor Lyonnet & Julien Martin & Isabelle Mejean, 2022. "Invoicing Currency and Financial Hedging," Post-Print hal-03949044, HAL.
- Yining Geng, 2020. "Impact of Family Planning Policy on Gender Inequality: Evidence from China," Working Papers 202009, University of Liverpool, Department of Economics.
- Straume, Hans-Martin, 2013. "Currency invoicing in Norwegian salmon export," Working Papers in Economics 11/13, University of Bergen, Department of Economics.
- Linda S. Goldberg, 2011. "The international role of the dollar: Does it matter if this changes?," Staff Reports 522, Federal Reserve Bank of New York.
- Giancarlo Corsetti & Meredith Crowley & Lu Han, 2020. "Invoicing and Pricing-to-market: Evidence on international pricing by UK exporters," Working Papers 202007, University of Liverpool, Department of Economics.
- Yining Geng, 2020. "Impact of Family Planning Policy on Gender Inequality: Evidence from China," Working Papers 202008, University of Liverpool, Department of Economics.
- Choudhri, Ehsan U. & Hakura, Dalia S., 2015.
"The exchange rate pass-through to import and export prices: The role of nominal rigidities and currency choice,"
Journal of International Money and Finance, Elsevier, vol. 51(C), pages 1-25.
- Ehsan U. Choudhri & Ms. Dalia S Hakura, 2012. "The Exchange Rate Pass -Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice," IMF Working Papers 2012/226, International Monetary Fund.
- Ehsan U. Choudhri & Dalia S. Hakura, 2014. "The Exchange Rate Pass-Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice," Carleton Economic Papers 14-09, Carleton University, Department of Economics.
- Chung, Wanyu, 2016.
"Imported inputs and invoicing currency choice: Theory and evidence from UK transaction data,"
Journal of International Economics, Elsevier, vol. 99(C), pages 237-250.
- Wanyu Chung, 2014. "Imported Inputs and Invoicing Currency Choice: Theory and Evidence from UK Transaction Data," Discussion Papers 2014-11, University of Nottingham, GEP.
More about this item
Keywords
Euro; Euro area; Invoicing currency; Tariff; Market share; European Union;All these keywords.
JEL classification:
- F1 - International Economics - - Trade
- F3 - International Economics - - International Finance
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:empiri:v:49:y:2022:i:2:d:10.1007_s10663-021-09523-8. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.