Boz, Emine; Casas, Camila; Georgiadis, Georgios; … - 2020
the euro area has declined. Second, the euro is used as a vehicle currency in parts of Africa, and some European countries … dollar and the euro have been increasingly used for invoicing even as the share of global trade accounted for by the US and … have seen significant shifts toward euro invoicing. And third, as suggested by the dominant currency paradigm, countries …