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 …

The inquiry into the global significance of the euro, which is the second most important currency in the international …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign … behind it and the heterogeneity and struc­tural problems of the euro area member states. The international status of the euro …

-2003, attempting to understand motives for issuing in foreign currency, and determinants for the choice of currency. We consider the … following influences on the currency choice when issuing foreign currency denominated debt: the microeconomic characteristics of … addition to cost minimisation, hedging motives and the desire to establish an investor base influences the choice of currency …