Wang, Chan; Zou, Heng-fu - In: Open Economies Review 26 (2015) 1, pp. 121-137
This paper revisits Devereux et al. (J Int Econ 71:113–132 <CitationRef CitationID="CR17">2007</CitationRef>) which studies trade and macroeconomic behaviour in a two-country model under a reference currency such as the dollar in US-China trade. The home country (e.g. the US) sets its export prices in dollars and so does the foreign...</citationref>
