Lunch Seminar: Omar Barbiero - Harvard University
2018-12-13 12:30 - 13:30 UTC
The Valuation Effects of Trade

Abstract:

The international policy sphere is dominated by the notion that countries become competitive in trade markets by weakening the value of their currency. Yet very few studies contain micro-level information on the currencies used to specify prices in international contracts. I use French customs and balance sheet declarations to explore the real effects of different invoice currency choices made by firms.
