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environment, the nexus of monetary, exchange rate and trade policies, and globalization. The book explains how these issues have … Monetary Policy: Past and Prospective -- 8. Trade Imbalances and Jobs: A Macro Perspective -- Part IV Globalization and … Financial Markets -- 9. Globalization and Widening Income Inequality -- 10.Economic and Market Prospects for the Medium Term …
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We investigate whether the classic Mundell-Flemming "trilemma" has morphed into a "dilemma" due to financial globalisation. According to the dilemma hypothesis, global financial cycles determine domestic financial conditions regardless of an economy's exchange rate regime and monetary policy...
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