Micro, Macro, and Strategic Forces in International Trade Invoicing
---- Acknowledgements ----
Cédric Tille gratefully acknowledges the support and hospitality of the Hong Kong Institute for Monetary Research where parts of this paper were written. Linda Goldberg gratefully acknowledges the thoughtful research support of William Ryan. We thank Clancy Barrett and Craig Kuntz of the Canadian customs administration for making the detailed data available and answering our questions. We also thank Gita Gopinath, Wilbert van der Klaaw, and seminar audiences at the Hong Kong Monetary Authority, the Federal Reserve Bank of New York, the International Monetary Fund, and the Stockholm School of Economics for valuable feedback. The views presented are those of the authors and do not necessarily represent the views of the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research.