The Financial Trilemma

The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe.

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Year of publication:	2011-01-31
Authors:	Schoenmaker, Dirk
Institutions:	Tinbergen Instituut
Subject:	Financial Stability \| Public Good

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Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 11-019/2/DSF 7
Classification:	F33 - International Monetary Arrangements and Institutions ; G28 - Government Policy and Regulation ; H41 - Public Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011255785