000295141 001__ 295141
000295141 005__ 20250213113222.0
000295141 037__ $$aBOOK
000295141 245__ $$aMicro, macro, and strategic forces in international trade invoicing
000295141 260__ $$aHong Kong$$bHong Kong Institute for Monetary Research$$c2010
000295141 269__ $$a2010
000295141 300__ $$a41 p. : ill.
000295141 336__ $$aPapers and Reports
000295141 490__ $$aHKIMR Working Paper ; No.08/2010
000295141 520__ $$aThe use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the price-sensitivity of demand, the hedging of marginal costs, due for instance to the use of imported inputs, and macroeconomic volatility. We use a new highly disaggregated dataset to assess the roles of the various invoicing determinants. We find support for the factors identified in the literature, and document a new feature, in the form of a link between shipments size and invoicing. Specifically, larger transactions are more likely to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between transaction size and invoicing by allowing invoicing to be set through a bargaining between exporters and importers, a feature that is absent from existing models despite its empirical relevance.
000295141 700__ $$aGoldberg, Linda S
000295141 700__ $$aTille, Cédric
000295141 8564_ $$9d1bd1866-1a5c-4af2-bdde-463c1aaffe13$$s481776$$uhttps://repository.graduateinstitute.ch/record/295141/files/ub_full_0_2_241_wp-no-08_2010.pdf
000295141 8564_ $$986430f3f-872e-4508-9089-0618d242f514$$xpdfa$$s1973769$$uhttps://repository.graduateinstitute.ch/record/295141/files/ub_full_0_2_241_wp-no-08_2010.pdf?subformat=pdfa
000295141 901__ $$uInternational Economics Department$$0319285
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000295141 937__ $$aWP-2017-077
000295141 980__ $$aINFONET
000295141 980__ $$aWP