Exports and Invoicing: Evidence from the 2015 Swiss Franc Appreciation

Auer, Raphael and Burstein, Ariel and Erhardt, Katharina and Lein, Sarah M.. (2019) Exports and Invoicing: Evidence from the 2015 Swiss Franc Appreciation. AEA Papers and Proceedings, 109. pp. 533-538.

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Official URL: https://edoc.unibas.ch/70976/

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Do differences in border price adjustment by currency of invoicing carry over to allocations? We document the cross-industry variation in the response of Swiss export prices and export values by currency of invoicing of border prices in the aftermath of the large and abrupt Swiss franc (CHF) appreciation in January 2015. Industries with higher CHF-invoicing shares (and a larger increase in foreign-currency denominated prices) experienced substantially weaker export growth in the two-year period after January 2015.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Makroökonomie (Lein)
UniBasel Contributors:Lein, Sarah M.
Item Type:Article
Article Subtype:Research Article
Publisher:American Economic Association
Note:Publication type according to Uni Basel Research Database: Journal article
Identification Number:
Last Modified:24 Jun 2019 15:23
Deposited On:24 Jun 2019 15:23

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