Bordo, Michael D.; James, Harold - National Bureau of Economic Research - 2022
constraints or "trilemmas" and their interrelationship; in particular the disturbances that arise from capital flows and the … trilemmas are: 1. The traditional Macroeconomic trilemma between capital mobility, fixed exchange rates and monetary autonomy; 2 …. The International relations trilemma between capital mobility, sovereignty and international order; 3. The Political …