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20. September 2023

Brown Bag Seminar Industrial Economics

Local Currency Pricing by Firms: Evidence from China’s Renminbi (RMB) Reforms


20. September 2023
11:30 - 12:30
Francine D. Blau Room 3.3.002B + 3.3.002C


Sonali Chowdhry, DIW Berlin

This paper examines the impact of RMB internationalization reforms on invoicing currency choices of firms exporting to China. Using detailed French customs data spanning 2011-2017, it documents three novel stylized facts on RMB adoption and suggests a novel mechanism that drives the self-selection of firms into RMB invoicing. Additionally, it provides causal estimates of the impact of RMB use on firms’ export performance in China.


Sonali Chowdhry, DIW Berlin

Themen: Unternehmen