ECB paper identifies substantial shift in invoicing patterns following euro adoption


A European Central Bank paper published on January 18 shows the introduction of the euro increased the producer currency share of eurozone exporters at the expense of the Norwegian krone.

Jenny Ligthart and Sebastian Werner, the paper's authors, use unique quarterly panel data on the invoicing of Norwegian imports from OECD countries from 1996 to 2006 to analyse the effect of the introduction of the euro on the pattern of currency invoicing in Norway. In particular, they are interested in

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