Plausibly Exogenous [1715] - Exchange Rate Pass-through (10/13/2024)

LHS Variable
Exchange rate pass-through

RHS Variable
Choice of invoicing currency

Source of Exogenous Variation
Introduction of the euro as an ideal and unique once-in-a-century natural experiment that created a significant shift in the invoice currencies used for international trade

- Benguria and Wanger (2024), “Trade invoicing currencies and exchange rate pass-through: The introduction of the euro as a natural experiment”