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:	Financial liberalization FDI flows International reserves Exchange rate Impossible trinity Business & Economics Business, Finance Social Sciences Impossible trinity International reserves Financial liberalization Exchange rate FDI flows O24 Financial liberalization F41 International reserves F31 F36 FDI flows F 21 Exchange rate F 15 Impossible trinity INFLATION EXCHANGE-RATES CRISES
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