International Trade and Currency Exchange
By Hélène Rey. 2001
186 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/f3f91e3006aeb697767b8bfa70da8dc81b4aba89
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Hélène Rey
- P. Gourinchas
- M. Chinn
- Jeffrey A. Frankel
- Nicolas Govillot
- Jeremy C. Stein
- Gita Gopinath
- Kenneth S. Rogoff
In Finance
- Hélène Rey
- M. Chinn
- Jeffrey A. Frankel
- P. Gourinchas
- Nicolas Govillot
- Gita Gopinath
- Jeremy C. Stein
- Sebnem Kalemli‐ozcan
Citations in the corpus
- Exorbitant privilege and exorbitant duty (2010, methodology): “in the literature since Gourinchas and Rey (2007a). Our new results are largely in line with our earlier work; (b) we document the “exorbitant duty” i.”
- Banking, Trade, and the Making of a Dominant Currency* (2020, background): “An alternate explanation, as developed in Rey (2001) and Devereux and Shi (2013), is that the dollar is used as a vehicle currency to minimize transaction costs of exchange.”
- Why the Euro Will Rival the Dollar (2008, background): “…Eichengreen and Frankel (1996), Eichengreen and Mathieson (2000), Frankel (1992, 1995), Kenen(1983), Krugman (1984), Kindleberger (1981), Matsuyama, Kiyotaki and Matsui (1993),McKinnon (1969, 1979), Portes and Rey (1998), Rey (2001), Swoboda (1969), Tavlas (1993), and Tavlas and Ozeki (1992).”
- The Euro and International Capital Markets (2000, unknown): “Ricci and Isard (1998) show that the development of euro exchange rate volatility can go either way, entirely depending on what type shocks hit the euro area economy.”
- The Euro as Invoicing Currency in International Trade (2006, unknown): “I chose the share of exports in relation to world exports as a proxy, however, as Rey (2001) states that the use of vehicle currencies cannot be explained by a large GDP but by high trade flows.”
- Vehicle Currency Use in International Trade (2008, unknown): “More recently, Rey (2001) elegantly exposited this theme in a three-country general equilibrium model, confirming the importance of a currency’s “thick market externalities” arising from a large presence in global international trade and low transaction costs of exchange.”