000	00000nam 2200000za 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