Lai, Edwin L.-C.; Yu, Xiangrong - In: The World Economy 38 (2015) 1, pp. 193-229
type="main" xml:id="twec12211-abs-0001" <title type="main">Abstract</title> <p>To play the role of a unit of account, an international currency must be a currency widely used to invoice international trade. This paper investigates the determinants of the use of currencies in trade invoicing and evaluates the potential of the...</p>