Aizenman, Joshua - Economics Department, University of California-Santa … - 2010
The policy Trilemma (the ability to accomplish only two out of three policy objectives –financial integration …. Emerging Markets responded by adding financialstabilityto the three Trilemma policy goals, coupling their growing financial … integration withlarge hoarding of international reserves, as means of self-insuring their growing exposure tofinancial-turbulences. …