The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration

This paper investigates how the trilemma policy mix affects economic performance in developing countries. We find that greater monetary independence can dampen output volatility, while greater exchange rate stability is associated with greater output volatility, which can be mitigated by reserve acc...

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Bibliographic details
Volume: 29
Main Author: Aizenman, Joshua
Chinn, Menzie D
Ito, Hiro
Format: Journal Article
Language: English
Place of publication: OXFORD Elsevier Ltd 2010
ELSEVIER SCI LTD
Elsevier
published in: Journal of international money and finance Vol. 29; no. 4; pp. 615 - 641
Data of publication: 2010
ISSN: 0261-5606
1873-0639
EISSN: 1873-0639
Discipline: Business
Series: Journal of International Money and Finance
Subjects:
O24
F41
F31
F36
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index - 2010
Web of Science
RePEc
RePEc IDEAS
CrossRef
Database information Databases - DBIS