The model share of transactions invoiced in the producer currency (PCP) and in the importer or vehicle currency (LCP+VCP) depending on the ratio of network-adjusted market shares for Italy in 2010 (Arioldi et al., 2022). Source: Arioldi et al. (2022)

 
 
  Part of: Gnidchenko A (2023) Bargaining power, product differentiation, and currency patterns in intra-BRICS trade. BRICS Journal of Economics 4(3): 285-299. https://doi.org/10.3897/brics-econ.4.e102638