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The Emerging Global Financial Architecture: Tracing and Evaluating New Patterns of the Trilemma Configuration
The authors investigate how the trilemma policy mix affects economic performance in developing countries. They find that greater monetary independence can dampen output volatility, while greater exchange rate stability is ...
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma
With a focus on the Asian economies, the authors examine how policy configurations affect macroeconomic performances by using Aizenman et al.'s "trilemma indexes" that measure the extent of achievement in each of the ...