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 …

. Using a two-country stochastic dynamic general equilibrium withnominal price stickiness and local currency pricing, we will …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing. Our approach uses a compositional multi-nomial logit model, in which currency choice is explained by both currency … 1996-2006 period. We find that eurozone countries have substantially increased their share of home currency invoicing after …

producer currency invoicing by eurozone countries is primarily caused by a drop in inflation volatility and can only to a small …We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing. Our approach uses a compositional multinomial logit model, in which currency choice is explained by both currency …

producer currency invoicing by eurozone countries is primarily caused by a drop in inflation volatility and can only to a small …We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing. Our approach uses a compositional multinomial logit model, in which currency choice is explained by both currency …

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 …

devaluations within the context of a surge in inflation and a fall and subsequent recovery of real labor income. To better …

by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been … indicate substantial improvements in inflation and unemployment. Amongst the founding states, Ireland has idiosyncratically …