Georgiadis, Georgios; Le Mezo, Helena; Mehl, Arnaud; … - 2021
The US dollar plays a dominant role in the invoicing of international trade, albeit not an exclusive one as more than … renminbi by the Chinese authorities. We assess the drivers of invoicing using the most recent and comprehensive data set for …, but not the euro, in trade between non-US and non-euro area countries, making the dollar the globally dominant invoicing …