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

Name	File Type	Size	Last Modified
output-1.csv	text/plain	23.4 MB	12/07/2019 10:22:AM
panel_mixt	application/x-executable	1.3 MB	12/07/2019 10:22:AM
panel_mixt.hpp	text/x-c++	45.7 KB	12/07/2019 10:22:AM
panel_mixt.stan	text/plain	4.4 KB	12/07/2019 10:22:AM
panel_mixt_bottom.stan	text/plain	866 bytes	12/07/2019 10:22:AM
panel_mixt_top.stan	text/plain	3.3 KB	12/07/2019 10:22:AM
prior_default.stan	text/plain	236 bytes	12/07/2019 10:22:AM
pt.log	text/plain	587.9 KB	12/07/2019 10:22:AM
pt.mat	application/octet-stream	22.8 MB	12/07/2019 10:22:AM
temp.data.R	text/plain	5.9 MB	12/07/2019 10:22:AM

Project Description

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:
      E42 Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
      F31 Foreign Exchange
      F33 International Monetary Arrangements and Institutions

Related Publications

Download this project

Published Versions

V1 [2019-12-07]

Export Metadata

Dublin Core

DDI 2.5

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.