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The Use of the ECU as an Invoicing Currency

In: The ECU and European Monetary Integration

Author

Listed:
  • Alfonso Jozzo
  • André Louw

Abstract

1 Exchange-rate fluctuations affect international trade in many ways. Although it is difficult to test accurately the effects of exchange-rate volatility on trade, the evidence suggests that, in addition to the choice of the invoicing and financing currency, volatility effects the aggregate volume as well as the composition and direction of international trade.1

Suggested Citation

  • Alfonso Jozzo & André Louw, 1989. "The Use of the ECU as an Invoicing Currency," Palgrave Macmillan Books, in: Paul Grauwe & Theo Peeters (ed.), The ECU and European Monetary Integration, chapter 6, pages 148-193, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19518-3_6
    DOI: 10.1007/978-1-349-19518-3_6
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