The Choice of Invoicing Currency in Merchandise Trade
The Choice of Invoicing Currency in Merchandise Trade
复制标题
商品贸易中计价货币的选择
DOI：
10.1177/002795018109800105
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发表时间：
1981
影响因子：
2.1
通讯作者：
S. Page
中科院分区：
文献类型：
--
作者：
S. Page
如果一个出口商或进口商使用一种外币，当汇率变化时，他的收入或成本将立即受到影响;如果他使用自己的货币，对已经确定的合同没有影响。分析发票的模式有助于了解企业决策中的重要目标，特别是他们对外汇风险的态度。在总体水平上，他们对货币的选择影响了汇率变化对一国贸易平衡的影响。
If an exporter or importer uses a foreign currency, his income or costs will be immediately affected when the exchange rate changes; if he uses his own, there will be no effect on contracts that are already fixed. Analysing the pattern of invoicing throws light on what objectives are important in firms' decisions, and in particular on their attitudes toward foreign exchange risk. At the aggregate level, their choice of currency influences the effect of an exchange rate change on a country's balance of trade.