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