“U.S. Dollar Dominance in Trade Invoicing and Cross-Border Investments in SEACEN Economies
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A SEACEN research paper, Hiro Ito, Project Team Leader:
From Chapter 1, “US Dollar Dominance in the Global Economy, by Cyn-Young Park and Hiro Ito:
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3. Measuring Dollar Dominance Dollar Dominance in International Trade
The most prominent role of the USD is for trade invoicing or settlement. Gopinath (2015) points out the dollar’s outsized role in invoicing half or more of international trade. Figure 1a illustrates the shares of the dollar in export invoicing or settlement fo
From Chapter 1, “US Dollar Dominance in the Global Economy, by Cyn-Young Park and Hiro Ito:
…
3. Measuring Dollar Dominance Dollar Dominance in International Trade
The most prominent role of the USD is for trade invoicing or settlement. Gopinath (2015) points out the dollar’s outsized role in invoicing half or more of international trade. Figure 1a illustrates the shares of the dollar in export invoicing or settlement fo
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