A handful of currencies, especially the US dollar, play a dominant role in international trade.
We survey the active theoretical and empirical literature that documents patterns of currency …

Large exporters are simultaneously large importers. We show that this pattern is key to
understanding low aggregate exchange rate pass-through as well as the variation in pass …

This paper estimates the productivity gains from reducing tariffs on final goods and from
reducing tariffs on intermediate inputs. Lower output tariffs can increase productivity by …

We analyze how firms choose the currency of invoicing and the implications of this choice for
exchange rate pass-through into export prices and quantities. Using a new data set for …

Some observers argue that increased real integration has led to greater co-movement of
prices internationally. We examine the evidence for cross-border price spillovers among …

In the presence of price rigidities, nominal exchange rate fluctuations can have real effects
on the economy. External shocks may have differentiated effects across economic sectors …

This article examines the linkages between real exchange rate movements and firms' skill
demand. Augmenting the model of Campa and Goldberg with heterogeneous labour, we …

This paper examines the effect of exchange rate movements on export volume, export
revenues and propensity to export taking into account the extent of foreign value added …

Exporting firms face foreign exchange risk when the export contract is invoiced in a foreign
currency. For instance, for firms located outside of the United States, the US dollar is often …

This paper studies the relationship between exchange rate movements and the average
export quality using disaggregated Swiss product‐level data between 1996 and 2015. We …