# COOK, David E

**Source**: https://bm.hkust.edu.hk/faculty/cook-david-e
**Parent**: https://bm.hkust.edu.hk/bizinsight/global-trade-supply-chains-and-business-sustainability

COOK, David E

Professor

Department of Economics

[View Profile](https://econ.hkust.edu.hk/faculty-and-staff/directory/davcook)

### Recent Activities

[COOK, David E](https://bm.hkust.edu.hk/faculty/cook-david-e)

PATEL, Nikhil

[Dollar invoicing, global value chains, and the business cycle dynamics of international trade](https://bm.hkust.edu.hk/bizinsight/2026/01/dollar-invoicing-global-value-chains-and-business-cycle-dynamics-international)

This paper reexamines the relationship between monetary policy, exchange rates and international trade in a world characterized by the dominant currency paradigm and global value chains. Using a three-country dynamic stochastic general equilibrium (DSGE) model, it documents key differences between the response of gross and value added trade flows to interest
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[Read More](https://bm.hkust.edu.hk/bizinsight/2026/01/dollar-invoicing-global-value-chains-and-business-cycle-dynamics-international)

[ [Global Trade, Supply Chains and Business Sustainability](https://bm.hkust.edu.hk/bizinsight/global-trade-supply-chains-and-business-sustainability "Global Trade, Supply Chains and Business Sustainability") ]

[Read Full Paper](https://www.sciencedirect.com/science/article/pii/S0022199623001253?via%3Dihub=)