Search Results - subject:"Impossible Trinity"

The political economy of the impossible trinity

Beckmann, Joscha; Ademmer, Esther; Belke, Ansgar; … - In: European journal of political economy 47 (2017), pp. 103-123

Persistent link: https://www.econbiz.de/10011937990

Policy trilemma in India : exchange rate stability, independent monetary policy and capital account openness

Majumder, Sayantan Bandhu; Nag, Ranjanendra Narayan - In: Global economy journal : GEJ 17 (2017) 3, pp. 1-13

Persistent link: https://www.econbiz.de/10011755428

Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma

Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2011

Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...

Persistent link: https://www.econbiz.de/10010331079

Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua; Chen, Menzie; Ito, Hiro - Economics Department, University of California-Santa … - 2011

Using the â€œtrilemma indexesâ€ developed by Aizenman et al. (2010) that measure the extent ofachievement in each of the three policy goals in the trilemmaâ€”monetary independence, exchange ratestability, and financial opennessâ€”we examine how policy configurations affect...

Persistent link: https://www.econbiz.de/10011130620

The Impossible Trinity and Capital Flows in East Asia

Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2011

ï»¿The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the … because the Impossible Trinity model does not fit the actual circumstances very closely. Capital flows are dominated by … cyclical problem envisaged in the Impossible Trinity. Rather than base the policy mind-set on the Impossible Trinity, it would …

Persistent link: https://www.econbiz.de/10009652202

The Impossible Trinity and Capital Flows in East Asia

Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2011

Persistent link: https://www.econbiz.de/10009652207

Did the Indian capital controls work as a tool of macroeconomic policy?

Patnaik, Ila; Shah, Ajay - 2011

In 2010 and 2011, there has been a fresh wave of interest in cap- ital controls. India is one of the few large countries with a complex system of capital controls, and hence offers an opportunity to assess the extent to which these help achieve goals of macroeconomic and fi- nancial policy. We...

Persistent link: https://www.econbiz.de/10009204988

The Impossible Trinity and Capital Flows in East Asia

Grenville, Stephen - Asian Development Bank Institute, Asian Development Bank - 2011

While the initial certainty and stark simplicity of the Impossible Trinity have fuzzed and softened over time, this … real problems which large volatile capital flows are causing emerging countries. The Impossible Trinity argument has been …

Persistent link: https://www.econbiz.de/10009357728

The Impossible Trinity Revised: An Application to China

Carton, Benjamin - Centre d'études prospectives et d'informations … - 2011

In a fixed exchange-rate regime, monetary policy is not devoted to internal equilibrium, such that the Taylor principle is no more the condition to insure the determinacy of the dynamic. Monetary policy is in charge of stabilizing the fixed-exchange rate regime in the long run, i.e. to avoid an...

Persistent link: https://www.econbiz.de/10009391586

Is Malaysia exempted from impossible trinity: empirical evidence from 1991-2009

Lim, Ewe Ghee; Goh, SooKhoon - Volkswirtschaftliche Fakultät, … - 2011

significantly less than unity under fixed exchange rates. These results show that Malaysia is not exempted from the impossible … trinity except in the very short-run. Perhaps one of the reasons Malaysia abandoned its US dollar exchange rate peg on 20 July …

Persistent link: https://www.econbiz.de/10009021718