The Impossible Trinity and capital flows in East Asia

Research, Preprint English OPEN
Stephen Grenville;
  • Publisher: Tokyo: Asian Development Bank Institute (ADBI)
  • Subject: impossible trinity; exchange rates; capital flows; emerging economies | Mundell-Fleming-Modell | F21 | F32 | F31 | Wirkungsanalyse | Kapitalmobilität | impossible trinity, East Asia, capital flows | Geldpolitik | Ostasien
    • jel: jel:F31 | jel:F21 | jel:F32
      ddc: ddc:330

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, mone... View more
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