situation. Further gains could come with the restoration of monetary independence to the two regions, in effect creating a …

situation. Further gains could come with the restoration of monetary independence to the two regions, in effect creating a …

Monetary independence is at the core of the macroeconomic policy trilemma stating that an independent monetary policy … results show that monetary independence is a significant factor in determining inflation, even after controlling for …

and monetary independence do not independently affect interest rate, but their interaction with external reserves does …

and monetary independence do not independently affect interest rate, but their interaction with external reserves does …

In theory, countries with floating exchange rates and perfect capital mobility should have monetary independence. At … the other extreme, countries with pegged exchange rates may completely lose monetary independence. This is the open …-economy trilemma. Countries are not possible to combine exchange rate stability, capital mobility and monetary independence. However …