Search Results - subject:"Impossible trinity"

The Impossible Trinity and capital flows in East Asia

Grenville, Stephen A. - 2011

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International … Impossible Trinity model does not fit the actual circumstances very closely. Capital flows are dominated by factors other than … the Impossible Trinity. Rather than base the policy mind-set on the Impossible Trinity, it would be better to have in mind …

Persistent link: https://www.econbiz.de/10009379721

Is Malaysia exempted from the impossible trinity? : an empirical analysis for an emerging market

Ewe Ghee Lim; Soo Khoon Goh - In: Macroeconomics and finance in emerging market economies 9 (2016) 1/3, pp. 131-147

Persistent link: https://www.econbiz.de/10011583566

The Impossible Trinity (aka The Policy Trilemma)

Aizenman, Joshua - Economics Department, University of California-Santa … - 2010

The policy Trilemma (the ability to accomplish only two out of three policy objectives â€“financial integration, exchange rate stability and monetary autonomy) continues to be a validmacroeconomic framework. The financial globalization during 1990s-2000s reduced theweighted average of...

Persistent link: https://www.econbiz.de/10011130635

Management of International Capital Flows: The Indian Experience

Sen Gupta, Abhijit - Volkswirtschaftliche Fakultät, … - 2010

the various policy options under the classic problem of "impossible trinity". We find that India, like other emerging … markets, has also been confronted with the various alternatives under "impossible trinity" and has chosen to adopt an …

Persistent link: https://www.econbiz.de/10008534287

Asia confronts the impossible trinity

Patnaik, Ila; Shah, Ajay - East Asian Bureau of Economic Research (EABER) - 2010

In this paper, we examine capital account openness and exchange rate exibility in 11 Asian countries. Asia has made slow progress on de jure capital account openness, but has made much more progress on de facto capital account openness. While there is a slow pace of increase in exchange rate...

Persistent link: https://www.econbiz.de/10009365474

Rethinking the Economics of Capital Mobilityand Capital Controls

Palley, Thomas I. - 2009

. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility …

Persistent link: https://www.econbiz.de/10010460473

The emerging global financial architecture: Tracing and evaluating the new patterns of the Trilemma's configurations

Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2009

Using the indexes we developed (Aizenman, Chinn, and Ito, 2008) to measure the degree of the three policy choices countries make with respect to the trilemma: exchange rate stability, monetary independence, and capital account openness, we investigate the normative questions pertaining to the...

Persistent link: https://www.econbiz.de/10010287751

Assessing the emerging global financial architecture: Measuring the trilemma's configurations over time

Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2009

We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma during the post Bretton-Woods period. The paper first outlines the new metrics for measuring the degree of exchange rate flexibility, monetary independence, and capital account...

Persistent link: https://www.econbiz.de/10010287768

On the endogeneity of exchange rate regimes

Levy-Yeyati, Eduardo; Sturzenegger, Federico; Reggio, Iliana - Departamento de Economía, Universidad Carlos III de Madrid - 2009

The literature has identified three main approaches to account for the way exchange rate regimes are chosen: i) the optimal currency area theory; ii) the financial view, which highlights the consequences of international financial integration; and iii) the political view, which stresses the use...

Persistent link: https://www.econbiz.de/10008556932

Rethinking the Economics of Capital Mobility and Capital Controls

Palley, Thomas I. - Political Economy Research Institute (PERI), University … - 2009

orthodoxy. The policy discussion is often framed in terms of the impossible trinity. That framing distorts discussion by …

Persistent link: https://www.econbiz.de/10008500868