Kiss, Gábor Dávid; Kosztopulosz, Andreász - In: Public Finance Quarterly 57 (2012) 1, pp. 28-52
Where a country allows the free movement of capital and follows a free floating exchange rate policy, the monetary trilemma would suggest the existence of monetary autonomy, which is prejudiced when external shocks cause a significant decrease (divergence) or increase (contagion) in market...