Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2009
international reserve accumulation. The evolution of our trilemma indexesʺ illustrates that, after the early 1990s, industrialized … accelerating financial openness. This recent trend appears to be sustained by using sizable international reserves as a buffer. We … the level and the volatility of inflation. -- Impossible trinity ; international reserves ; financial liberalization …