Monetary and Currency Policy Management in Asia 2012
DOI: 10.4337/9780857933355.00016
|View full text |Cite
|
Sign up to set email alerts
|

The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

1
11
0

Year Published

2012
2012
2022
2022

Publication Types

Select...
5
2

Relationship

3
4

Authors

Journals

citations
Cited by 10 publications
(12 citation statements)
references
References 9 publications
1
11
0
Order By: Relevance
“…In contrast, We also graphically demonstrate the contributions of the Trilemma policy objectives over time, for both China and India in Figures 13 and 14 respectively. 4 Once again for China, it is clearly evident that exchange rate stability has been assigned the maximum weight in the Trilemma trade-offs whereas in India, over time, all three policy objectives seem to matter in the overall trade-off. The contributions add up to almost to two (trilemma constant) for both countries in each sample period implying relatively high goodness of fit of the model estimated.…”
Section: Empirical Results: Trilemma Policy Stancementioning
confidence: 99%
“…In contrast, We also graphically demonstrate the contributions of the Trilemma policy objectives over time, for both China and India in Figures 13 and 14 respectively. 4 Once again for China, it is clearly evident that exchange rate stability has been assigned the maximum weight in the Trilemma trade-offs whereas in India, over time, all three policy objectives seem to matter in the overall trade-off. The contributions add up to almost to two (trilemma constant) for both countries in each sample period implying relatively high goodness of fit of the model estimated.…”
Section: Empirical Results: Trilemma Policy Stancementioning
confidence: 99%
“…We calculate a trilemma index for each of the two countries separately using a methodology developed for a cross‐section of countries by Aizenman et al . (, 2010a,b,c, ). We also analyse the impact of the evolving trilemma configurations on macroeconomic indicators such as inflation and examine the role of international reserves in the context of China and India's trilemma.…”
Section: Introductionmentioning
confidence: 99%
“…They did not want any repetition of that stressful financial mishap. Also, as many Asian economies were advancing towards greater capital account convertibility, larger foreign exchange reserves provided them not only a degree of monetary independence, but also exchange rate stability (Aizenman et al 2009). Thus, their large foreign exchange reserves served these economies well.…”
Section: Asia Pacific Business Review 21mentioning
confidence: 98%