Introducing dominant currency pricing in the ECB's global macroeconomic model

A large share of global trade being priced and invoiced primarily in US dollar rather than the exporter's or the importer's currency has important implications for the transmission of shocks. We introduce this "dominant currency pricing" (DCP) into ECB-Global, the ECB's macr...

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Bibliographic details
Main Author: Georgiadis, Georgios
Format: Publication
Language: English
Place of publication: Frankfurt am Main, Germany European Central Bank 2019
Kiel: Kiel Institute for the World Economy (IfW)
Data of publication: 2019
ISBN: 9789289938907
9289938900
Dewey Decimal Classification: 330
Discipline: Economics
Series: Working paper series
Subjects:
Online Access: available in Bonn?
Database: ECONIS
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