|
000
| 02048nam 2200337za 4500 |
|---|
| 001 | 9.802827 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20221107135054 |
|---|
| 007 | cr ||||||||||| |
|---|
| 008 | 150810s2015 onc o f000 0 eng d |
|---|
| 040 | |aCaOODSP|beng |
|---|
| 041 | |aeng|bfre |
|---|
| 043 | |an-cn--- |
|---|
| 086 | 1 |aFB3-2/115-31E-PDF |
|---|
| 100 | 1 |aDevereux, Michael P. |
|---|
| 245 | 10|aExchange rate pass-through, currency of invoicing and market share |h[electronic resource] / |cby Michael B. Devereux, Wei Dong and Ben Tomlin. |
|---|
| 260 | |aOttawa : |bBank of Canada, |c2015. |
|---|
| 300 | |aiii, 37 p. : |bfig., graphs, tables. |
|---|
| 490 | 1 |aBank of Canada working paper, |x1701-9397 ; |v2015-31 |
|---|
| 500 | |a"August 2015." |
|---|
| 504 | |aIncludes bibliographical references. |
|---|
| 520 | |aThis paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market— that is, exporting firms and importing firms. A model of monopolistic competition with heterogeneous firms has the following set of predictions: a) exchange rate pass-through should be non-monotonic and U-shaped in the market share of exporting firms, but monotonically declining in the market share of importers; b) exchange rate pass-through should be lower, the higher is local currency invoicing of imports; and c) producer currency invoicing should be related non-monotonically and U-shaped to exporter market share, and monotonically declining in importing firms’ market share. |
|---|
| 692 | 07|2gccst|aMarkets |
|---|
| 692 | 07|2gccst|aExchange rates |
|---|
| 692 | 07|2gccst|aCurrency |
|---|
| 692 | 07|2gccst|aInternational trade |
|---|
| 700 | 1 |aTomlin, Ben. |
|---|
| 700 | 1 |aDong, Wei. |
|---|
| 710 | 2 |aBank of Canada. |
|---|
| 830 | #0|aWorking paper (Bank of Canada)|x1701-9397 ; |v2015-31|w(CaOODSP)9.504604 |
|---|
| 856 | 40|qPDF|s475 KB|uhttps://publications.gc.ca/collections/collection_2015/banque-bank-canada/FB3-2-115-31-eng.pdf |
|---|