Amiti, Mary; Itskhoki, Oleg; Konings, Jozef - 2022
exports and imports, and the implications of this choice for exchange rate pass-through into prices and quantities. We derive …-price determinants of exchange rate pass-through are also the key firm characteristics that determine currency choice. In particular …, small non-importing firms tend to price their exports in euros (producer currency) and exhibit complete exchange-rate pass …