Currency invoicing of US imports
Currency invoicing of US imports
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美国进口产品的货币发票
DOI：
10.1002/ijfe.319
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发表时间：
2008
影响因子：
2.9
通讯作者：
A. Haug
中科院分区：
文献类型：
--
作者：
Shabtai Donnenfeld;A. Haug
本文对对美出口发票币种的选择进行了解释。我们发现汇率风险与以进口商货币、出口商货币和第三国货币开具发票的进口商品比例之间存在经验关系。汇率波动越大，以进口国货币开具发票的进口商品所占比例就越大。因此，以出口商或第三国货币开具发票的比例与汇率的波动性成反比。版权所有©2007 John Wiley & Sons， Ltd
This paper provides an explanation for the choice of currency of invoice of exports to the US. We find an empirical relationship between the riskiness of the exchange rate and the fraction of imports invoiced in the importer's currency, the exporter's currency, and a third country currency. The higher the volatility of the exchange rate, the larger is the fraction of imports invoiced in the importer's currency. Consequently, the fraction of invoicing in the exporter's or a third country currency is inversely related to the volatility of the exchange rate. Copyright © 2007 John Wiley & Sons, Ltd.
影响因子：
6.1
作者：
J. Stock
通讯作者：
J. Stock