Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the … three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …

countries make with respect to the trilemma: exchange rate stability, monetary independence, and capital account openness, we … investigate the normative questions pertaining to the trilemma, that is, how the policy choices among the three trilemma policies …

We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma … international reserve accumulation. The evolution of our trilemma indexes illustrates that, after the early 1990s, industrialized … trilemma variable should be traded-off with a drop of the weighted sum of the other two. The second part of the paper deals …

We examine the open macroeconomic policy choices of developing economies from the perspective of the economic 'trilemma …' hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its patterns in recent decades …. We find that the three dimensions of the trilemma configurations are converging towards a 'middle ground' among emerging …

We develop a methodology that intuitively characterizes the choices countries have made with respect to the trilemma … international reserve accumulation. The evolution of our 'trilemma indexes' illustrates that, after the early 1990s, industrialized … trilemma variable should be traded-off with a drop of the weighted sum of the other two. The second part of the paper deals …

powerful "trilemma" hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its … patterns in recent decades. We find that the three dimensions of the trilemma configurations are converging towards a "middle …

of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy … have adopted trilemma policy combinations with the least degree of relative policy divergence in the last 15 years. We find …

powerful “trilemma” hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its … patterns in recent decades. We find that the three dimensions of the trilemma configurations are converging toward a “middle …

, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in an era of widespread … globalization. In this paper we overview and contrast the Trilemma policy choices and tradeoffs faced by the two key drivers of … global economic growth-China and India. China’s Trilemma configurations are unique relative to other emerging markets in the …

, exchange rate stability and financial integration subject to the constraints imposed by the Trilemma, in the era of deepening … globalization. In this paper we study the Trilemma choices of the two key drivers of global growth, China and India. We overview and … contrast the policy choices of the two, and test their Trilemma choices and tradeoffs. China’s Trilemma configurations are …