---
title: Corridor Invoicing: Real Hedging in International Trade Institutions
url: https://www.ml-quant.com/papers/repec/bol-bodewp-wp1232/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-16
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:bol:bodewp:wp1232
source_url: https://econpapers.repec.org/RePEc:bol:bodewp:wp1232
featured: 2026-10-16
citations: unknown
topic: Trading, Microstructure & Execution
---


# Corridor Invoicing: Real Hedging in International Trade Institutions

Italian trade data reveals firms use invoicing currency bilaterally and by country to hedge country-specific risk, not just currency risk, reducing profit variance beyond net exposure.

- Source: https://econpapers.repec.org/RePEc:bol:bodewp:wp1232
- Identifier: RePEc:bol:bodewp:wp1232
- Released: 2026-10-13
- First featured: Quant Letter No. 135 (2026-10-16): https://www.ml-quant.com/issues/2026-10-16/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution
- Authors: Emanuele Brancati, Marco Brianti, Jaromir Nosal, Fabio Schiantarelli

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