Replication data for: Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through
Principal Investigator(s): View help for Principal Investigator(s) Emine Boz; Gita Gopinath; Mikkel Plagborg-Møller
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| code_data | 12/07/2019 03:23:PM | ||
|
|
text/plain | 14.6 KB | 12/07/2019 10:23:AM |
Project Citation:
Boz, Emine, Gopinath, Gita, and Plagborg-Møller, Mikkel. Replication data for: Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116454V1
Project Description
Summary:
View help for Summary
We show empirically that the variation across country pairs in exchange rate pass-through and trade elasticity is meaningfully explained by the dollar's dominance as invoicing currency. We use a hierarchical Bayesian approach to directly and flexibly model pass-through heterogeneity conditional on the invoicing currency share. We estimate that the importer's country-level dollar invoicing share explains 15 percent of the overall variance across trading pairs in dollar exchange rate pass-through into bilateral prices.
Scope of Project
JEL Classification:
View help for JEL Classification
E42 Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
F31 Foreign Exchange
F33 International Monetary Arrangements and Institutions
E42 Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
F31 Foreign Exchange
F33 International Monetary Arrangements and Institutions
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.