Using a large, transaction level, data set of Italian exports and imports with non-European Union countries, we assess the role of migrants’ networks in shaping the currency denomination of trade. Our results, new to the literature, show sizable, significant effects of migration on the currency denomination of trade. Generally, more migrants lead to more invoicing in the exporter’s and importer’s currency relative to a vehicle currency, higher educated migrants increase invoicing in the exporter’s and importer’s currency relative to a vehicle currency, and Italian migrants living in foreign countries have a greater impact relative to foreign migrants living in Italy.

Migration and the currency denomination of trade / Ventura, Luigi; Witte, Mark David. - In: INTERNATIONAL MIGRATION REVIEW. - ISSN 0197-9183. - 51:2(2017), pp. 452-474. [10.1111/imre.12222]

Migration and the currency denomination of trade

VENTURA, Luigi;
2017

Abstract

Using a large, transaction level, data set of Italian exports and imports with non-European Union countries, we assess the role of migrants’ networks in shaping the currency denomination of trade. Our results, new to the literature, show sizable, significant effects of migration on the currency denomination of trade. Generally, more migrants lead to more invoicing in the exporter’s and importer’s currency relative to a vehicle currency, higher educated migrants increase invoicing in the exporter’s and importer’s currency relative to a vehicle currency, and Italian migrants living in foreign countries have a greater impact relative to foreign migrants living in Italy.
2017
currency invoicing; exchange rates; migration; vehicle currency; migrants’ networks.
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Migration and the currency denomination of trade / Ventura, Luigi; Witte, Mark David. - In: INTERNATIONAL MIGRATION REVIEW. - ISSN 0197-9183. - 51:2(2017), pp. 452-474. [10.1111/imre.12222]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/954758
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