April 2021: Central Banking Award for Economic Research – Economics in central banking: ‘Patterns in invoicing currency in global trade’

By Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen

Authors Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen conducted an extensive data-gathering exercise to build the world’s most complete database on trade invoicing. As well as filling an empirical void, the paper sheds important light on central bank policy-making in a globalised world.