Trilemma and Financial Stability Configurations in Asia

Joshua Aizenman ()

No 317, ADBI Working Papers from Asian Development Bank Institute

Abstract: 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 emerging Asia has converged to a middle ground of the trilemma configuration: limited financial integration, a degree of monetary independence, and controlled exchange rate buffered by sizable international reserves.

Keywords: trilemma choices; financial stability; global crisis 2008–2009 (search for similar items in EconPapers)
JEL-codes: F31 F32 F33 F36 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mon, nep-opm and nep-sea
Date: 2011-11-02
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.adbi.org/files/2011.11.01.wp317.trilemma.financial.stability.asia.pdf Full text (application/pdf)

Related works:
Working Paper: Trilemma and Financial Stability Configurations in Asia (2011)
Working Paper: Trilemma and Financial Stability Configurations in Asia (2011)
Working Paper: Trilemma and Financial Stability Configurations in Asia (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ris:adbiwp:0317

Access Statistics for this paper

More papers in ADBI Working Papers from Asian Development Bank Institute
Contact information at EDIRC.
Series data maintained by Robert Hugh Davis ().