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 …

An international currency is one that is used and held beyond the borders of the issuing
country, not merely for transactions with that country's residents, but also, and importantly, for …

This article provides a comprehensive history of anchor or reference currencies, exchange
rate arrangements, and a new measure of foreign exchange restrictions for 194 countries …

ABSTRACT I define and provide empirical evidence for an “International Price System” in
global trade employing data for thirty-five developed and developing countries. This price …

This paper employs an updated algorithm and database for classifying exchange rate and
anchor currency choice, to explore the evolution of the global exchange rate system …

This paper presents the most comprehensive and up-to-date panel data set of invoicing
currencies in global trade. It provides data on the shares of exports and imports invoiced in …

We survey the recent empirical and theoretical developments in the literature on the relation
between prices and exchange rates. After updating some of the major findings in the …

This paper investigates exchange rate pass-through into consumer prices by considering
the nature of the shock triggering currency movements. By individually estimating structural …

We provide cross-country and time series evidence on the extent of exchange rate pass-
through into the import prices of 23 OECD countries. We find compelling evidence of partial …

We show, using novel data on currency and prices for US imports, that even conditional on a
price change, there is a large difference in the exchange rate pass-through of the average …