Thursday 13 December 2018, 12:30pm - 01:30pm
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.