Mercado, Rogelio; Jacildo, Ryan; Das, Sanchita Basu - 2023
significantly lower share of exports and imports invoiced in US dollar. In addition, Asia and Pacific economies with more MNCs … usually have a significantly higher share of exports invoiced in US dollar. Among other reasons, one factor could be due to …This paper assesses the covariation between global value chains (GVCs) and multinational corporates (MNCs) with US …