The Use of the ECU as an Invoicing Currency

Alfonso Jozzo and André Louw

Chapter 6 in The ECU and European Monetary Integration, 1989, pp 148-193 from Palgrave Macmillan

Abstract: Abstract 1 Exchange-rate fluctuations affect international trade in many ways. Although it is difficult to test accurately the effects of exchange-rate volatility on trade, the evidence suggests that, in addition to the choice of the invoicing and financing currency, volatility effects the aggregate volume as well as the composition and direction of international trade.1

Keywords: Exchange Rate; Foreign Exchange; Foreign Exchange Market; Domestic Currency; European Firm (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19518-3_6

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DOI: 10.1007/978-1-349-19518-3_6

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