The Financial Trilemma

Dirk Schoenmaker

Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe.

Keywords: Financial Stability; Public Good (search for similar items in EconPapers)
JEL-codes: F33 G28 H41 (search for similar items in EconPapers)
Date: 2011-01-31
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Citations: View citations in EconPapers (64)

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Journal Article: The financial trilemma (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20110019

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