to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between …

establishment of currency unions, the monetizing of recently acquired colonies, preferential trade arrangements, and customs unions …

instead to the structure of global portfolios and international financial markets. The literature on currency mismatches, in …

Using new data on currency invoicing for Belgian firms, we analyze how firms make their currency choice, for both … staggered price setting with endogenous currency choice. Our structural specification provides a new test of the allocative … consequences of nominal rigidities, by estimating the treatment effect of foreign-currency price stickiness on the dynamic response …

We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are … measured using household balance sheet and survey data centred on the year 2000. The determinants of mean financial assets, non … lacking direct evidence. Data on the pattern of household distribution of wealth are assembled for 20 countries, which …

weaker and labor informality is prevalent. In such environments, household saving decisions are intertwined with firms …