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The New Open Economy Macroeconomics (henceforth NOEM) is a leading development in international economics starting in the early 1990s. Its objective is to provide a new theoretical framework for open economy analysis and policy design, overcoming the limitations of the Mundell-Fleming model, while preserving the empirical wisdom and the close connection to policy debates of the traditional literature. This line of research shows that the transmission of monetary policy, optimal monetary policy rules and the optimal exchange rate regime all depend on the firm’s choice of an invoice currency for exporting its goods, that is, whether it chooses producer currency pricing (PCP), consumer currency pricing (CCP), or vehicle currency pricing (VCP)...
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Common topics in this essay:
- China Currency Reserves Top Japan's, China Business News Says
- Brazil Currency Devaluation
- CHINA CORPORATE CURRENCY INVOICING STRATEGY
- Chaos In The Currency Markets : Currency Crisis Of The Ems
- China’s Currency Reevaluation: Necessary or Superfluous
- Chinese Currency
- Currency Hedging
- Currency Hedging
- Currency hedging
- Currency hedging
- Currency
- currency Risk Management
- Management Of Currency Fluctuations
- The Future Of Currency
- currency riskmanagement
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