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
Volume: 2321 / October 2019
Main Author: Georgiadis, Georgios
Mösle, Saskia
Format: Journal Article
Language: English
Place of publication: Frankfurt am Main European Central Bank 2019, 2019
Related: European Central Bank
Data of publication: 2019, 2019
ISBN: 9789289938907
ISSN: 1725-2806
Series: Working paper series
Online Access: available in Bonn?
Database: EU BookShop
Database information Databases - DBIS