Showing 1 - 10 of 104
Persistent link: https://www.econbiz.de/10000731174
Persistent link: https://www.econbiz.de/10003855007
The policy Trilemma (the ability to accomplish only two policy objectives out of financial integration, exchange rate stability and monetary autonomy) remains a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced the weighted average of exchange rate stability...
Persistent link: https://www.econbiz.de/10008908358
The policy Trilemma (the ability to accomplish only two out of three policy objectives -financial integration, exchange rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during 1990s-2000s reduced the weighted average of exchange...
Persistent link: https://www.econbiz.de/10008647622
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008-2009, and the way the region has been coping with the adjustment to the postcrisis challenges. We point out that...
Persistent link: https://www.econbiz.de/10009379740
Persistent link: https://www.econbiz.de/10001817205
Persistent link: https://www.econbiz.de/10001817216
Persistent link: https://www.econbiz.de/10001817245
Persistent link: https://www.econbiz.de/10001817674
The purpose of this paper is to determine whether a two-tier exchange rate regime is more effective than a fixed rate regime in increasing acountry's ability to pursue an independent monetary policy in the short run.The analysis compares adjustment to a monetary policy and to a devaluation in...
Persistent link: https://www.econbiz.de/10012477995