currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by …

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 …

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 …

convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible …

projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …

In two-sector infinite-horizon trade models with factor–price-equalization, convergence of aggregate capital …