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Replication data for: Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings

Version
1
Resource Type
Dataset
Creator
  • Gopinath, Gita
  • Stein, Jeremy C.
Publication Date
2018-01-01
Description
  • Abstract

    We develop a model that shows how the currency denomination of a country's imports influences the funding structure of its banking system, and in turn, the currency composition of its central bank's reserve holdings. The link between the dollar's role in bank funding and its role as a central bank reserve currency is stronger when the country's fiscal capacity is limited, and when exchange rates are volatile. In the data, there is a pronounced cross-country relationship between the fraction of imports that are dollar invoiced, and the fraction of central-bank foreign-exchange reserves that are held in dollars.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pandp.20181065 (Text)
Publications
  • Gopinath, Gita, and Jeremy C. Stein. “Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings.” AEA Papers and Proceedings 108 (2018): 542–46. https://doi.org/10.1257/pandp.20181065.
    • ID: 10.1257/pandp.20181065 (DOI)

Update Metadata: 2020-02-27 | Issue Number: 1 | Registration Date: 2020-02-27

Gopinath, Gita; Stein, Jeremy C. (2018): Replication data for: Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114464V1-22625