Trade, finance and international currency

Currency choices in international trade are related to the depth of financial markets, especially in the provision of trade finance. This paper examines: (i) how this financial channel affects international currency choices and (ii) the corresponding macroeconomic implications. Based on unique data...

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Bibliographic Details
Main Authors: Liu, T. (Author), Lu, D. (Author), Woo, W.T (Author)
Format: Article
Language:English
Published: Elsevier B.V. 2019
Subjects:
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