Dominant Currency Paradigm : A New Model for Small Open Economies /

Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer's currency or in local currency. We model instead a 'dominant currency paradigm' for small open economies characterized by three features: prici...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Casas, Camila
Muut tekijät: Diez, Federico, Gopinath, Gita, Gourinchas, Pierre-Olivier
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2017.
Sarja:IMF Working Papers; Working Paper ; No. 2017/264
Linkit:Full text available on IMF