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Dominant currency pricing in international trade of services

Amador, João; Garcia, Joana; Mehl, Arnaud; Schmitz, Martin - 2024

of services and investigate, using direct evidence, whether the US dollar (USD) plays a dominant role in services trade … currency choices in services trade are active firm-level decisions. Firms that are larger and rely more on inputs priced in … foreign currencies are less likely to use the domestic currency to export services. Importantly, we show that the USD has a …

Persistent link: https://www.econbiz.de/10014543670

The euro as invoicing currency in international trade

Kamps, Annette - 2006

This paper investigates the determinants of currency invoicing in international trade. Although the currency of invoicing is central for the transmission of monetary policy, empirical research on this topic is scarce due to a lack of data. With a new extensive invoicing dataset and a panel model...

Persistent link: https://www.econbiz.de/10011604711

Global value chains: a view from the euro area

Amador, João; Cappariello, Rita; Stehrer, Robert - 2015

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages....

Persistent link: https://www.econbiz.de/10011605806

Can Non-Linear Real Shocks Explain the Persistence of PPP Exchange Rate Disequilibria?

Peltonen, Tuomo - 2011

A core stylized fact of the empirical exchange rate literature is that half-life deviations of equilibrium real exchange rates from levels implied by Purchasing Power Parity (PPP) are very persistent. Empirical efforts to explain this persistence typically proceed along two distinct paths,...

Persistent link: https://www.econbiz.de/10013134541

Retail market structure and consumer prices in the euro area

Ciapanna, Emanuela; Rondinelli, Concetta - 2014

We investigate the empirical relationship between product market competition and prices in the retail grocery sector in the euro area. The study uses micro-data from ACNielsen on chain stores' census characteristics and price levels for a broad variety of products. We construct...

Persistent link: https://www.econbiz.de/10011605789

Trade openness reduces growth volatility when countries are well diversified

Haddad, Mona; Lim, Jamus Jerome; Pancaro, Cosimo; … - 2012

This paper addresses the mechanisms by which trade openness affects growth volatility. Using a diverse set of export concentration measures, we present strong evidence pointing to an important role for export diversification in conditioning the effect of trade openness on growth volatility....

Persistent link: https://www.econbiz.de/10011605536

Oil exporters: in search of an external anchor

Habib, Maurizio Michael; Stráský, Jan - 2008

This paper discusses the choice of an optimal external anchor for oil exporting economies, using optimum currency area criteria and simulations of a simple model of a small open economy pegging to a basket of two currencies. Oil exporting countries - in particular those of the Gulf Cooperation...

Persistent link: https://www.econbiz.de/10011605004

Trade Openness Reduces Growth Volatility when Countries are well Diversified

Haddad, Mona - 2012

Persistent link: https://www.econbiz.de/10013098217

Oil Exporters : In Search of an External Anchor

Habib, Maurizio Michael; Strasky, Jan - 2021

Persistent link: https://www.econbiz.de/10013316458

Once bitten: New evidence on the link between IMF conditionality and IMF stigma

Andone, Irina; Scheubel, Beatrice - 2019

While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has recently received attention particularly from policy...

Persistent link: https://www.econbiz.de/10012142106