Exchange Rate Pass-Through on Currency-Invoicing

This article explores the existence of the asymmetric effect of exchange rate pass-through on exporter's currency-invoice in 44 resources abundant sub-Saharan African countries over the period 2008-2017. The investigation is carried-out using asymmetric threshold regression developed by Hansen (1999, 2000) through 1000 bootstrapping replications and the grid search. Our empirical results based on 44 SSA countries revealed significant single and the double thresholds of 1.54% and 234.35%, respectively.