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The Impossible Trinity (aka The Policy Trilemma)
16 references·0 citing·42 second hop
The Impossible Trinity (aka The Policy Trilemma) (2012)The Impossible Trinity (aka The Policy Tr…1. The Pain of Original Sin (2019)1. The Pain of Original SinThe emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration (2010)The emerging global financial…Financial Stability, the Trilemma, and International Reserves (2010)Financial Stability, the Tril…Financial Stability, the Trilemma, and International Reserves (2008)Financial Stability, the Tril…International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence (2007)International Reserves: Preca…Capital Controls, Sudden Stops, and Current Account Reversals (2007)Capital Controls, Sudden Stop…Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences (2007)Capital Controls and Capital …The Social Cost of Foreign Exchange Reserves (2006)The Social Cost of Foreign Ex…What matters for financial development? Capital controls, institutions, and interactions (2005)What matters for financial de…The Pain of Original Sin (2005)The Pain of Original SinThe Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility (2004)The Trilemma in History: Trad…Global transmission of interest rates: monetary independence and currency regime (2004)Global transmission of intere…Fear of Floating (2002)Fear of FloatingFear of Floating (2000)Fear of FloatingNo Single Currency Regime is Right for All Countries or At All Times (1999)No Single Currency Regime is …The Mirage of Fixed Exchange Rates (1995)The Mirage of Fixed Exchange …Efficient Tests for an Autoregressive Unit Root (1992)Efficient Tests for an Autoregressive Unit Root (1996)Bounds testing approaches to the analysis of level relationships (2001)Does Capital Account Liberalization Lead to Growth? (2008)Banking Globalization and Monetary Transmission (2012)Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019)A Theory of Optimum Currency Areas (1961)Optimum Currency Areas (1991)Target Zones and Exchange Rate Dynamics (1991)Distinguished Lecture on Economics in Government—Exchange Rate Regimes: Is the Bipolar View Correct? (2001)Classifying exchange rate regimes: Deeds vs. words (2004)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)Collapsing exchange-rate regimes (1984)Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence (1993)Models of Currency Crises with Self-Fulfilling Features (1995)Financial Globalization: A Reappraisal (2006)Short-Term Capital Flows (1999)Financialised Capitalism: Crisis and Financial Expropriation (2009)The Twin Crises: The Causes of Banking and Balance-of-Payments Problems (1999)The Effect of Fixed Exchange Rates on Monetary Policy (2004)The Modern History of Exchange Rate Arrangements: A Reinterpretation (2004)Can leading indicators assess country vulnerability? Evidence from the 2008–09 global financial crisis (2011)The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors?* (2013)Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment (2016)Bank Runs, Deposit Insurance, and Liquidity (1983)Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism (2008)The Optimal Level of International Reserves for Emerging Market Countries: A New Formula and Some Applications (2011)Legal Determinants of External Finance (1997)Law and Finance (1998)Financial intermediation and growth: Causality and causes (2000)A New Measure of Financial Openness (2008)The macroeconomic consequences of disasters (2008)Estimating long-run relationships from dynamic heterogeneous panels (1995)The Mirage of Exchange Rate Regimes for Emerging Market Countries (2003)An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis (2012)Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy (2015)ardl: Estimating autoregressive distributed lag and equilibrium correction models (2023)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Staggered Prices in a Utility-Maximizing Framework (1996)Stories of the Twentieth Century for the Twenty-First (2012)Rules, discretion and reputation in a model of monetary policy (1983)The Quarterly Journal of Economics (2024)
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References

  • 2005What matters for financial development? Capital controls, institutions, and interactions2,650 cited
  • 2000Fear of Floating2,063 cited
  • 2002Fear of Floating1,675 cited
  • 1995The Mirage of Fixed Exchange Rates1,088 cited
  • 2004The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility912 cited
  • 1999No Single Currency Regime is Right for All Countries or At All Times899 cited
  • 2006The Social Cost of Foreign Exchange Reserves723 cited
  • 2007International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence656 cited
  • 2010Financial Stability, the Trilemma, and International Reserves561 cited
  • 2004Global transmission of interest rates: monetary independence and currency regime333 cited
  • 2010The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration313 cited
  • 2005The Pain of Original Sin272 cited
  • 2008Financial Stability, the Trilemma, and International Reserves262 cited
  • 20191. The Pain of Original Sin218 cited
  • 2007Capital Controls, Sudden Stops, and Current Account Reversals179 cited

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2007
Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences
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