This article for the first time uses Brazilian trade data to draw conclusions about the invoice currency choice - both … orders associated to an exchange transaction between their currencies has had a significant impact on the currency chosen for … invoicing, establishing a link between the availability of financial instruments and the invoice currency choice. Moreover, the …

This report, commissioned by Sveriges Riksbank, examines the role of currency denomination in international trade … the currency denomination of exports differ from that of imports. Finally we consider the possibility that changes in … invoicing patterns are correlated with changes in nominal exchange rates. Our main finding is that the same currency to a large …