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

Dominant Currency Paradigm: A New Model For Small Open Economies

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Originally published November 22, 2017
Authors Gita Gopinath
Pierre-Olivier Gourinchas
Camila Casas
Mr. Federico Diez
Date of Reg.
Date of Upd.
ID1977792
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About 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. . . .

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