| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15470 |
| 来源ID | Working Paper 15470 |
| Micro, Macro, and Strategic Forces in International Trade Invoicing | |
| Linda S. Goldberg; Cédric Tille | |
| 发表日期 | 2009-11-05 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The use of different currencies in the invoicing of international trade transactions plays a major role in the international transmission of economic fluctuations. Existing studies argue that an exporter's invoicing choice reflects structural aspects of her industry, such as market share and the price-sensitivity of demand, the hedging of marginal costs, due for instance to the use of imported inputs, and macroeconomic volatility. We use a new highly disaggregated dataset to assess the roles of the various invoicing determinants. We find support for the factors identified in the literature, and document a new feature, in the form of a link between shipments size and invoicing. Specifically, larger transactions are more likely to be invoiced in the importer's currency. We offer a potential theoretical explanation for the empirical link between transaction size and invoicing by allowing invoicing to be set through a bargaining between exporters and importers, a feature that is absent from existing models despite its empirical relevance. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w15470 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573146 |
| 推荐引用方式 GB/T 7714 | Linda S. Goldberg,Cédric Tille. Micro, Macro, and Strategic Forces in International Trade Invoicing. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15470.pdf（413KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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