
Dominant currency pricing in international trade of services
The US dollar is the dominant vehicle currency for global goods trade, but there is less evidence for trade

The US dollar is the dominant vehicle currency for global goods trade, but there is less evidence for trade

There has been a rise in trade restrictions since the US-China tariff war and Russia’s invasion of Ukraine. This

The strict measures to contain the spread of COVID-19 called for a quick governmental response. This column highlights how

Firms increasingly rely on immigrant researchers or imported R&D services for innovation. This column argues that these sources of

Since the 2008 global financial crisis, firms’ funding patterns have changed, with a shift towards more market-based finance with

The US and China’s economic rebound has fueled global growth and put upward pressure on commodity prices, while geopolitical

Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these

Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks

Economists typically rely on unemployment and inflation rates to gauge how consumers feel about the economy. This column examines

The significant reduction in trade barriers along with rising US firm markups in the early 2000s may seem puzzling

The US dollar is the dominant vehicle currency for global goods trade, but there is less evidence for trade

There has been a rise in trade restrictions since the US-China tariff war and Russia’s invasion of Ukraine. This

The strict measures to contain the spread of COVID-19 called for a quick governmental response. This column highlights how

Firms increasingly rely on immigrant researchers or imported R&D services for innovation. This column argues that these sources of

Since the 2008 global financial crisis, firms’ funding patterns have changed, with a shift towards more market-based finance with

The US and China’s economic rebound has fueled global growth and put upward pressure on commodity prices, while geopolitical

Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these

Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks

Economists typically rely on unemployment and inflation rates to gauge how consumers feel about the economy. This column examines

The significant reduction in trade barriers along with rising US firm markups in the early 2000s may seem puzzling




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