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Asia Confronts the Impossible Trinity

Ila Patnaik () and Ajay Shah ()

Chapter 7 in Monetary and Currency Policy Management in Asia, 2012 from Edward Elgar Publishing

Abstract: This book makes concrete macroeconomic policy recommendations for Asian economies aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional exchange rate cooperation; and ways to ease the constraints on policy resulting from the so-called ‘impossible trinity’ of fixed exchange rates, open capital accounts and independent monetary policy.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2012
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Working Paper: Asia Confronts the Impossible Trinity (2010) Downloads
Working Paper: Asia confronts the impossible trinity (2010) Downloads
Working Paper: Asia Confronts the Impossible Trinity (2010) Downloads
Working Paper: Asia confronts the impossible trinity (2010) Downloads
Working Paper: Asia Confronts the Impossible Trinity (2010) Downloads
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