Exchange Rates and the Working Capital Channel of Trade Fluctuations
Valentina Bruno and
No 694, BIS Working Papers from Bank for International Settlements
Global value chains (GVCs) figure prominently in global trade and lie at the intersection of two important themes. The first is the financing requirement for working capital. The second is the prevalence of dollar invoicing in global trade.
Keywords: global value chains; dollar invoicing; global liquidity (search for similar items in EconPapers)
JEL-codes: F36 F41 G20 (search for similar items in EconPapers)
Pages: 9 pages
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Journal Article: Exchange Rates and the Working Capital Channel of Trade Fluctuations (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:694
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