Amador, João; Garcia, Joana; Mehl, Arnaud; Schmitz, Martin - 2024
We analyze, for the first time, how firms choose the currency in which they price transactions in international trade …. Drawing on a new granular dataset on extra-European Union exports of Portuguese firms broken down by currency, we show that … currency choices in services trade are active firm-level decisions. Firms that are larger and rely more on inputs priced in …