Showing 1 - 10 of 27
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive …, with more than half of transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study … the relationship between invoicing currency choices and the response of import prices to exchange rate changes. We find …
Persistent link: https://www.econbiz.de/10012867016
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the … currency and the country. We use unique quarterly panel data of Norwegian imports from OECD countries for the 1996-2006 period …
Persistent link: https://www.econbiz.de/10013094696
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...
Persistent link: https://www.econbiz.de/10010264069
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the … currency and the country. We use unique quarterly panel data of Norwegian imports from OECD countries for the 1996-2006 period …
Persistent link: https://www.econbiz.de/10010275698
currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by …
Persistent link: https://www.econbiz.de/10010261162
over 6 waves in the international PISA student achievement test 2000-2015. Our empirical model exploits the country panel …
Persistent link: https://www.econbiz.de/10011931918
The multinationalization of corporate investment in recent years has given rise to a number of international tax … capital and so facilitate investment. Both the welfare effects of and the optimal response to international tax planning are …
Persistent link: https://www.econbiz.de/10010264087
lack of a coercive global authority that is able to enforce efficient international environmental regulations. In our model … individual regions voluntarily commence international negotiations on public good provision, which are accompanied by side …, it is applicable to various international externality problems. …
Persistent link: https://www.econbiz.de/10010264177
We analyze the stock price impact of firms' U.S. cross-listing on home-market rival firms. Using an empirical event study approach we find negative cumulative average abnormal returns for the rival firms. The evidence suggests that the dominant effect is that investors see rivals as at a...
Persistent link: https://www.econbiz.de/10010264272
This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...
Persistent link: https://www.econbiz.de/10010264303