Dominant currencies and the export supply channel

International Economics - Tập 173 - Trang 1-18 - 2023
Erik Frohm1
1Organisation for Economic Cooperation and Development (OECD), Economics Department, 2 Rue Andre Pascal, 75775 Paris Cedex 16, France

Tài liệu tham khảo

Adler, 2020 Amiti, 2014, Importers, exporters, and exchange rate disconnect, Am. Econ. Rev., 104, 1942, 10.1257/aer.104.7.1942 Baldwin, 1989, Persistent trade effects of large exchange rate shocks, Q. J. Econ., 104, 635, 10.2307/2937860 Bergstrand, 2015, Economic integration agreements, border effects, and distance elasticities in the gravity equation, Eur. Econ. Rev., 78, 307, 10.1016/j.euroecorev.2015.06.003 Berman, 2009, Financial market imperfections and the impact of exchange rate movements on exports, Rev. Int. Econ., 17, 103, 10.1111/j.1467-9396.2008.00781.x Berman, 2012, How do different exporters react to exchange rate changes?, Q. J. Econ., 127, 437, 10.1093/qje/qjr057 Bernard, 1999, Exceptional exporter performance: cause, effect, or both?, J. Int. Econ., 47, 1, 10.1016/S0022-1996(98)00027-0 Bernard, 2011, Multiproduct firms and trade liberalization, Q. J. Econ., 126, 1271, 10.1093/qje/qjr021 Berthou, Antoine, Fontagné, Lionel, 2008. The euro and the intensive and extensive margins of trade: Evidence from French firm level data, Available at SSRN 1194963. Boz, 2020, Patterns in invoicing currency in global trade, IMF Work. Pap. Ser. Calvo, 1983, Staggered prices in a utility-maximizing framework, J. Monet. Econ., 12, 383, 10.1016/0304-3932(83)90060-0 Campa, 2004, Exchange rates and trade: How important is hysteresis in trade?, Eur. Econ. Rev., 48, 527, 10.1016/S0014-2921(02)00320-3 Chen, 2022, Vehicle currency pricing and exchange rate pass-through, J. Eur. Econ. Assoc., 20, 312, 10.1093/jeea/jvab025 Correia, 2019 Das, 2007, Market entry costs, producer heterogeneity, and export dynamics, Econometrica, 75, 837, 10.1111/j.1468-0262.2007.00769.x De Soyres, 2021, Bought, sold and bought again: the impact of complex value chains on export elasticities, Eur. Econ. Rev., 10.1016/j.euroecorev.2021.103896 Demian, 2018, The exchange rate, asymmetric shocks and asymmetric distributions, Int. Econ., 154, 68, 10.1016/j.inteco.2017.10.005 Fernandes, 2016, Exporter behavior, country size and stage of development: evidence from the exporter dynamics database, J. Dev. Econ., 100, 121, 10.1016/j.jdeveco.2015.10.007 Fernandes, Ana M., Klenow, Peter J., Meleshchuk, Sergii, Pierola, Martha Denisse, Rodriguez-Clare, Andres, 2018. The intensive margin in trade. The World Bank. Gagnon, 2021 Georgiadis, 2020 Giordano, 2019, Firm heterogeneity and trade in EU countries: A cross-country analysis, ECB Occas. Pap. Girma, 2004, Does exporting increase productivity? A microeconometric analysis of matched firms, Rev. Int. Econ., 12, 855, 10.1111/j.1467-9396.2004.00486.x Goldberg, 2008, Vehicle currency use in international trade, J. Int. Econ., 76, 177, 10.1016/j.jinteco.2008.07.001 Gopinath, Gita, 2015. The international price system. In: National Bureau of Economic Research Working Paper Series (21646). Gopinath, 2020, Dominant currency paradigm, Amer. Econ. Rev., 110, 677, 10.1257/aer.20171201 Hummels, 2005, The variety and quality of a nation’s exports, Amer. Econ. Rev., 95, 704, 10.1257/0002828054201396 IMF,, 2014. IMF Spillover Report, IMF Policy Paper. IMF,, 2014. Annual report on exchange arrangements and exchange restrictions 2014. International Monetary Fund. IMF, 2019 Loecker, 2013, Detecting learning by exporting, Am. Econ. J. Microecon., 5, 1, 10.1257/mic.5.3.1 Ma, 2020 Matheson, 2014, News and monetary shocks at a high frequency: a simple approach, Econom. Lett., 125, 282, 10.1016/j.econlet.2014.09.021 Mayer, 2008, The happy few: The internationalisation of European firms, Intereconomics, 43, 135, 10.1007/s10272-008-0247-x Melitz, 2003, The impact of trade on intra-industry reallocations and aggregate industry productivity, Econometrica, 71, 1695, 10.1111/1468-0262.00467 Obstfeld, 2020 Silva, 2006, The log of gravity, Rev. Econ. Stat., 88, 641, 10.1162/rest.88.4.641 Tang, 2012, Exchange rates and the margins of trade: Evidence from Chinese exporters, CESifo Econ. Stud., 58, 671, 10.1093/cesifo/ifs006 Tenreyro, 2019