Georgiadis, Georgios; Le Mezo, Helena; Mehl, Arnaud; … - 2021
half of global trade is invoiced in other currencies. Of particular interest are the euro, with a large role, and the … dollar and the euro for trade with the United States and the euro area. These mechanisms also support the role of the dollar …, but not the euro, in trade between non-US and non-euro area countries, making the dollar the globally dominant invoicing …