Many papers in the recent literature in open economy macroeconomics make different assumptions about the currency in … which firms set their export prices when nominal prices must be pre-set. But to date, all of these studies take the currency … can choose the currency in which they set prices for sales to foreign markets. We make two alternative assumptions about …

currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides … be lower, the higher is local currency invoicing of imports; and c) producer currency invoicing should be related non …

Many papers in the recent literature in open economy macroeconomics make different assumptions about the currency in … which firms set their export prices when nominal prices must be pre-set. But to date, all of these studies take the currency … can choose the currency in which they set prices for sales to foreign markets. We make two alternative assumptions about …

currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides … be lower, the higher is local currency invoicing of imports; and c) producer currency invoicing should be related non …