000295145 001__ 295145
000295145 005__ 20250213113222.0
000295145 037__ $$aBOOK
000295145 245__ $$aMicro, macro, and strategic forces in international trade invoicing
000295145 260__ $$a[Lieu de publication non identifié]$$bNational Centre of Competence in Research Financial Valuation and Risk Management$$c2009
000295145 269__ $$a2009
000295145 300__ $$a42 p. : ill.
000295145 336__ $$aPapers and Reports
000295145 490__ $$aNCCR FINRISK working paper series ; No. 589
000295145 500__ $$aThis research has been carried out within the NCCR FINRISK project on "Macro Risk, Systemic Risks and International Finance"
000295145 520__ $$aThe use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the price-sensitivity of demand, the hedging of marginal costs, due for instance to the use of imported inputs, and macroeconomic volatility. We use a new highly disaggregated dataset to assess the roles of the various invoicing determinants. We find support for the factors identified in the literature, and document a new feature, in the form of a link between shipments size and invoicing. Specifically, larger transactions are more likely to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between transaction size and invoicing by allowing invoicing to be set through a bargaining between exporters and importers, a feature that is absent from existing models despite its empirical relevance.
000295145 700__ $$aGoldberg, Linda S
000295145 700__ $$aTille, Cédric
000295145 8564_ $$940fd402d-d558-4b47-85aa-21eee77bd85c$$s640520$$uhttps://repository.graduateinstitute.ch/record/295145/files/WP589_A2.pdf
000295145 8564_ $$918426110-e777-48ca-bdec-bf28b5df6e16$$xpdfa$$s1880521$$uhttps://repository.graduateinstitute.ch/record/295145/files/WP589_A2.pdf?subformat=pdfa
000295145 901__ $$uInternational Economics Department$$0319285
000295145 909CO $$ooai:repository.graduateinstitute.ch:295145$$pIHEID:Infonet$$pGLOBAL_SET$$pIHEID:Infonet_CFD$$pIHEID:Infonet_IE_2$$pIHEID:Infonet_CTEI$$pIHEID:Infonet_CCDP$$pIHEID:Explore$$pIHEID:Infonet_IE
000295145 937__ $$aWP-2017-081
000295145 980__ $$aINFONET
000295145 980__ $$aWP