Research Discussion Paper – RDP 2016-05 Trade Invoicing Currency and First-stage Exchange Rate Pass-through

Contents

• Introduction
• Import Invoicing Currencies in Australia
• Regression Analysis
• An Invoice-share-weighted Exchange Rate Index
• Implications
• Conclusion
• Appendix A: Robustness Checks
• References

We thank Alexandra Heath, Jarkko Jääskelä, Christopher Kent, Gianni La Cava, David Norman, Bruce Preston, Matthew Read, Tom Rohling, Tom Rosewall, John Simon and Callan Windsor for helpful advice, comments and suggestions.