Currency choice in multiple markets
What was the effct of the 2022 euro devaluation on French firms? Answering this question requires understanding how firms choose the currency to invoice their exports, especially large firms that operate in many markets, as they account for the lion's share of international trade. Our project proposes to study the invoicing decisions of French exporting firms. We aim at producing new evidence on the determinants of currency choice, as well as bulding a quantitative model to evaluate policies that mitigate the impact rate shocks on exports.