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DTSTART:20251026T030000
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DTSTART:20250330T020000
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UID:calendar.136497.field_date.0@www.tse-fr.eu
DTSTAMP:20260313T022320Z
CREATED:20250106T121001Z
DESCRIPTION:George Georgiadis (ECB)\, “Patterns of invoicing currency in gl
 obal trade in a fragmenting world economy”\, Séminaire Banque de France\, 
 September 9\, 2025\, 11:30–12:30\, BDF\, Paris\, room Salle 4 Grand Hall a
 nd online.\n\nThis paper presents the most comprehensive and up-to-date pa
 nel dataset on global trade invoicing currency and examines recent pattern
  shifts with a focus on geopolitical alignment. Using data for 132 countri
 es from 1990 to 2023—including new coverage of the Chinese renminbi—we doc
 ument five key findings. First\, the US dollar remains dominant\, with glo
 bal invoicing shares broadly stable. Second\, renminbi use has grown stead
 ily and expanded beyond Asia\, though it remains modest. Third\, countries
  not geopolitically aligned with the US continue to rely on the dollar\, t
 hough this reliance has declined in a few key economies. Fourth\, since 20
 21\, the correlation between the use of a given invoicing currency and the
  geopolitical distance to its issuer has become more negative\, reflecting
  growing polarization. Fifth\, there is no robust evidence consistent with
  effective policy initiatives to reduce dollar reliance in oil exports. Th
 ese findings highlight the resilience of dominant currencies and suggest e
 merging fragmentation in invoicing patterns along geopolitical lines.
DTSTART;TZID=Europe/Paris:20250909T123000
DTEND;TZID=Europe/Paris:20250909T133000
LAST-MODIFIED:20250819T001001Z
LOCATION:September 9\, 2025\, 11:30–12:30\, BDF\, Paris\, room Salle 4 Gran
 d Hall and online
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2025-patterns-invoicing-currenc
 y-global-trade-fragmenting-world-economy
END:VEVENT
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