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The currency denomination of exports -- A questionnaire study

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Author Info
Friberg, Richard
Wilander, Fredrik

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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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Publisher Info
Article provided by Elsevier in its journal Journal of International Economics.

Volume (Year): 75 (2008)
Issue (Month): 1 (May)
Pages: 54-69
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Handle: RePEc:eee:inecon:v:75:y:2008:i:1:p:54-69

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Web page: http://www.elsevier.com/locate/inca/505552

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  1. Andreas M. Fischer & Matthias Lutz & Manueal Wälti, 2007. "Who Prices Locally? Survey Evidence of Swiss Exporters," University of St. Gallen Department of Economics working paper series 2007 2007-39, Department of Economics, University of St. Gallen. [Downloadable!]
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This page was last updated on 2009-10-25.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.