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 ...

However, this idea is not consistent with what would be derived from his earlier, highly regarded theories, namely his analysis of "monetary and fiscal policy under different exchange rate regimes" ...

It also contended with large capital flows to and from America. What became known as the Mundell-Fleming model sought to explain the implications of Canada’s setup. Foreign investors seek at ...