Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962801 | Journal of International Economics | 2008 | 16 Pages |
Abstract
We report survey results on the currency choice of a random sample of Swedish exporters. We find that for an overwhelming share of exports, the price, invoice and settlement currency is the same. The currency of the customer is the most used, with Swedish kronor and vehicle currencies accounting for approximately equal shares. Currency choice is similar for intra-firm and between-firm trade. We also find that negotiations are important for both the price and for the currency choice. A minority of firms use posted prices for their main exports - the median price adjustment for those firms is once per year.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Richard Friberg, Fredrik Wilander,