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)
Pages: 26 pages
Date: 2011-11-02
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mon, nep-opm and nep-sea
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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) 
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:0317
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