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Citations for "The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility"

by Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor

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  1. Julian di Giovanni & Jay C. Shambaugh, 2007. "The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime," NBER Working Papers 13467, National Bureau of Economic Research, Inc.
  2. Aizenman, Joshua & Chinn, Menzie D. & Ito, Hiro, 2010. "The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration," Journal of International Money and Finance, Elsevier, Elsevier, vol. 29(4), pages 615-641, June.
  3. Nicola Cetorelli & Linda S. Goldberg, 2008. "Banking globalization, monetary transmission, and the lending channel," Staff Reports, Federal Reserve Bank of New York 333, Federal Reserve Bank of New York.
  4. Aizenman, Joshua & Chinn, Menzie D. & Ito, Hiro, 2011. "Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma," Journal of the Japanese and International Economies, Elsevier, vol. 25(3), pages 290-320, September.
  5. Joshua Aizenman & Reuven Glick, 2008. "Sterilization, monetary policy, and global financial integration," Working Paper Series, Federal Reserve Bank of San Francisco 2008-15, Federal Reserve Bank of San Francisco.
  6. repec:dgr:uvatin:2011019 is not listed on IDEAS
  7. Aizenman, Joshua & Chinn, Menzie & Ito, Hiro, 2010. "The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma," ADBI Working Papers, Asian Development Bank Institute 213, Asian Development Bank Institute.
  8. Hadiwibowo, Yuniarto & Komatsu, Masaaki, 2011. "Trilemma and macroeconomic policies under different financial structures in Indonesia," Journal of Asian Economics, Elsevier, Elsevier, vol. 22(4), pages 302-310, August.
  9. Kirsten Wandschneider & Nikolaus Wolf, 2010. "Shooting on a moving target: explaining European bank rates during the interwar period," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, Inderscience Enterprises Ltd, vol. 2(1/2), pages 31-48.
  10. Joshua Aizenman, 2007. "Large Hoarding of International Reserves and the Emerging Global Economic Architecture," NBER Working Papers 13277, National Bureau of Economic Research, Inc.
  11. Taylor, Alan M, 2010. "Global finance after the crisis," Bank of England Quarterly Bulletin, Bank of England, Bank of England, vol. 50(4), pages 366-377.
  12. Linda S Goldberg, 2009. "Understanding Banking Sector Globalization," IMF Staff Papers, Palgrave Macmillan, Palgrave Macmillan, vol. 56(1), pages 171-197, April.
  13. Reuven Glick & Michael Hutchison, 2008. "Navigating the Trilemma: Capital Flows and Monetary Policy in China," Working Papers, Hong Kong Institute for Monetary Research 252008, Hong Kong Institute for Monetary Research.
  14. Prasanna Gai & Gavin Cameron & Kang Yong Tan, 2009. "Sovereign Risk in the Classical Gold Standard Era," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 85(271), pages 401-416, December.
  15. Ito, Hiro & Kawai, Masahiro, 2014. "Determinants of the Trilemma Policy Combination," ADBI Working Papers, Asian Development Bank Institute 456, Asian Development Bank Institute.
  16. Juan Carlos Berganza & Carmen Broto, 2011. "Flexible inflation targets, forex interventions and exchange rate volatility in emerging countries," Banco de Espa�a Working Papers, Banco de Espa�a 1105, Banco de Espa�a.
  17. Christopher Bowdler & John C. Bluedorn, 2006. "Open Economy Codependence: U.S. Monetary Policy and Interest Rate Pass-through," Economics Series Working Papers, University of Oxford, Department of Economics 290, University of Oxford, Department of Economics.
  18. Rania A. Al-Mashat & Andreas Billmeier, 2007. "The Monetary Transmission Mechanism in Egypt," IMF Working Papers, International Monetary Fund 07/285, International Monetary Fund.
  19. Schüder, Stefan, 2011. "Monetary policy trade-offs in a portfolio model with endogenous asset supply," MPRA Paper 32019, University Library of Munich, Germany.
  20. Weshah Razzak, . "In the Middle of the Heat The GCC Countries Between Rising Oil Prices and the Sliding Greenback," API-Working Paper Series 0801, Arab Planning Institute - Kuwait, Information Center.
  21. Meissner, Christopher M. & Oomes, Nienke, 2009. "Why do countries peg the way they peg? The determinants of anchor currency choice," Journal of International Money and Finance, Elsevier, Elsevier, vol. 28(3), pages 522-547, April.
  22. Joshua Aizenman & Hiro Ito, 2013. "Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries," NBER Working Papers 19448, National Bureau of Economic Research, Inc.
  23. Pircher, Marion, 2008. "What Lessons have been learnt since the East Asian Crisis in 1997/98? CIBS, Capital Flows, and Exchange Rates," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) RP2008/73, World Institute for Development Economic Research (UNU-WIDER).
  24. Linda S. Goldberg, 2013. "Banking Globalization, Transmission, and Monetary Policy Autonomy," NBER Working Papers 19497, National Bureau of Economic Research, Inc.
  25. Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor, 2008. "Financial Stability, the Trilemma, and International Reserves," NBER Working Papers 14217, National Bureau of Economic Research, Inc.
  26. Mehl, Arnaud, 2006. "The yield curve as a predictor and emerging economies," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 18/2006, Bank of Finland, Institute for Economies in Transition.
  27. Bank for International Settlements, 2008. "Monetary and financial stability implications of capital flows in Latin America and the Caribbean," BIS Papers, Bank for International Settlements, Bank for International Settlements, number 43, 8.
  28. Bird, Graham & Mandilaras, Alex & Popper, Helen, 2012. "Is there a Beijing Consensus on International Macroeconomic Policy?," World Development, Elsevier, Elsevier, vol. 40(10), pages 1933-1943.
  29. Aizenman, Joshua, 2010. "The Impossible Trinity (aka The Policy Trilemma)," Santa Cruz Department of Economics, Working Paper Series qt9k29n6qn, Department of Economics, UC Santa Cruz.
  30. repec:ebl:ecbull:v:30:y:2010:i:1:p:624-635 is not listed on IDEAS
  31. Pablo Pincheira, 2013. "Interventions and inflation expectations in an inflation targeting economy," BIS Working Papers, Bank for International Settlements 427, Bank for International Settlements.
  32. Antonio Francisco A. Silva Jr, 2011. "The Self-insurance Role of International Reserves and the 2008-2010 Crisis," Working Papers Series, Central Bank of Brazil, Research Department 256, Central Bank of Brazil, Research Department.
  33. Gerardo Della Paolera & Alan M. Taylor, 2003. "Gaucho Banking Redux," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
  34. Thierry Warin, 2005. "Monetary Policy: From Theory to Practices," Middlebury College Working Paper Series, Middlebury College, Department of Economics 0508, Middlebury College, Department of Economics.
  35. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 27(3), pages 167-92, Summer.
  36. Esaka, Taro, 2010. "Exchange rate regimes, capital controls, and currency crises: Does the bipolar view hold?," Journal of International Financial Markets, Institutions and Money, Elsevier, Elsevier, vol. 20(1), pages 91-108, February.
  37. W. Jos Jansen, 2008. "Inside The Impossible Triangle: Monetary Policy Autonomy In A Credible Target Zone," Contemporary Economic Policy, Western Economic Association International, Western Economic Association International, vol. 26(2), pages 216-228, 04.
  38. Andreas Steiner, 2010. "The Accumulation of Foreign Exchange by Central Banks: Fear of Capital Mobility?," Working Papers, Institute of Empirical Economic Research 85, Institute of Empirical Economic Research.
  39. Matthias Morys & Martin Ivanov, 2013. "The emergence of a European region: Business cycles in South-East Europe from political independence to World War II," Centre for Historical Economics and Related Research at York (CHERRY) Discussion Papers, CHERRY, c/o Department of Economics, University of York 13/01, CHERRY, c/o Department of Economics, University of York.
  40. Hiro Ito & Masahiro Kawai, 2012. "New Measures of the Trilemma Hypothesis : Implications for Asia," Finance Working Papers 23331, East Asian Bureau of Economic Research.
  41. Guglielmo Maria Caporale & Thouraya Hadj Amor & Christophe Rault, 2011. "Sources of Real Exchange Rate Volatility and International Financial Integration: A Dynamic GMM Panel Approach," CESifo Working Paper Series, CESifo Group Munich 3645, CESifo Group Munich.
  42. Coşkun Tunçer, 2012. "Monetary sovereignty during the classical gold standard era: the Ottoman Empire and Europe, 1880-1913," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 44725, London School of Economics and Political Science, Department of Economic History.
  43. Dalia Hakura, 2005. "Are Emerging Market Countries Learning to Float?," IMF Working Papers, International Monetary Fund 05/98, International Monetary Fund.
  44. di Giovanni, Julian & McCrary, Justin & Wachter, Till von, 2005. "Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy," IZA Discussion Papers 1495, Institute for the Study of Labor (IZA).
  45. Goh, Soo Khoon, 2009. "Managing the Impossible Trinity: The Case of Malaysia," MPRA Paper 18094, University Library of Munich, Germany.
  46. Thomas Plümper & Eric Neumayer, 2008. "Exchange rate regime choice with multiple key currencies," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 25164, London School of Economics and Political Science, LSE Library.
  47. Obstfeld, Maurice & Shambaugh, Jay C & Taylor, Alan M, 2004. "Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4353, C.E.P.R. Discussion Papers.
  48. Obstfeld, Maurice, 2014. "Never Say Never: Commentary on a Policymaker’s Reflections," CEPR Discussion Papers, C.E.P.R. Discussion Papers 9802, C.E.P.R. Discussion Papers.
  49. Kenza Benhima, 2012. "Exchange Rate Volatility and Productivity Growth: The Role of Liability Dollarization," Open Economies Review, Springer, Springer, vol. 23(3), pages 501-529, July.
  50. Anella Munro, 2004. "What drives the New Zealand dollar?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, Reserve Bank of New Zealand, vol. 67, june.
  51. Heather D. Gibson & Thomas Vlassopoulo, 2007. "Capital Folws, capital account liberalisation and the southern Mediterranean countries," BNL Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 60(241), pages 137-165.
  52. Chernyshoff, Natalia & Jacks, David S. & Taylor, Alan M., 2009. "Stuck on gold: Real exchange rate volatility and the rise and fall of the gold standard, 1875-1939," Journal of International Economics, Elsevier, Elsevier, vol. 77(2), pages 195-205, April.
  53. Yu Hsing, 2012. "Impacts of the Trilemma Policies on Inflation, Growth and Volatility in Greece," International Journal of Economics and Financial Issues, Econjournals, Econjournals, vol. 2(3), pages 373-378.
  54. Aizenman, Joshua & Ito, Hiro, 2012. "Trilemma policy convergence patterns and output volatility," The North American Journal of Economics and Finance, Elsevier, Elsevier, vol. 23(3), pages 269-285.
  55. Dirk Schoenmaker, 2011. "The Financial Trilemma," Tinbergen Institute Discussion Papers, Tinbergen Institute 11-019/2/DSF 7, Tinbergen Institute.
  56. GRENADE, Kari & MOORE, Winston, 2008. "Co-Movements Between Foreign And Domestic Interest Rates In A Fixed Exchange Rate Regime: The Case Of The Eccu And The Us," Applied Econometrics and International Development, Euro-American Association of Economic Development, Euro-American Association of Economic Development, vol. 8(1), pages 119-130.
  57. Reade, J. James & Volz, Ulrich, 2011. "Leader of the pack? German monetary dominance in Europe prior to EMU," Economic Modelling, Elsevier, Elsevier, vol. 28(1-2), pages 239-250, January.
  58. Romain Veyrune, 2007. "Fixed Exchange Rates and the Autonomy of Monetary Policy," IMF Working Papers, International Monetary Fund 07/34, International Monetary Fund.
  59. Ito, Hiro & Chinn, Menzie, 2014. "The Rise of the “Redback” and the People’s Republic of China’s Capital Account Liberalization: An Empirical Analysis of the Determinants of Invoicing Currencies," ADBI Working Papers, Asian Development Bank Institute 473, Asian Development Bank Institute.
  60. Petar Vujanovic, 2011. "Understanding the Recent Surge in the Accumulation of International Reserves," OECD Economics Department Working Papers, OECD Publishing 866, OECD Publishing.
  61. Grossman, Richard S. & Imai, Masami, 2009. "Japan's return to gold: Turning points in the value of the yen during the 1920s," Explorations in Economic History, Elsevier, Elsevier, vol. 46(3), pages 314-323, July.
  62. Caroline Duburcq & Eric Girardin, 2010. "Domestic and external factors in interest rate determination: the minor role of the exchange rate regime," Economics Bulletin, AccessEcon, vol. 30(1), pages 624-635.
  63. James Laurenceson & Kam Ki Tang, . "China's capital account convertibility and financial stability," EAERG Discussion Paper Series, School of Economics, University of Queensland, Australia 0505, School of Economics, University of Queensland, Australia.
  64. JamesR. Lothian & MarkP. Taylor, 2008. "Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 118(532), pages 1742-1763, October.
  65. Esaka, Taro, 2013. "Evaluating the effect of de facto pegs on currency crises," Journal of Policy Modeling, Elsevier, Elsevier, vol. 35(6), pages 943-963.
  66. Morys, Matthias, 2013. "Discount rate policy under the Classical Gold Standard: Core versus periphery (1870s–1914)," Explorations in Economic History, Elsevier, Elsevier, vol. 50(2), pages 205-226.
  67. Ashraf Nakibullah, 2011. "Monetary Policy and Performance of the Oil-Exporting Gulf Cooperation Council Countries," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 10(2), pages 139-157, August.
  68. Aizenman, Joshua & Chinn, Menzie David & Ito, Hiro, 2009. "Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time," Santa Cruz Department of Economics, Working Paper Series qt840728sc, Department of Economics, UC Santa Cruz.
  69. Bindseil, Ulrich & Winkler, Adalbert, 2012. "Dual liquidity crises under alternative monetary frameworks: a financial accounts perspective," Working Paper Series, European Central Bank 1478, European Central Bank.
  70. Dabrowski , Marek, 2013. "Monetary policy regimes in CIS economies and their ability to provide price and financial stability," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 8/2013, Bank of Finland, Institute for Economies in Transition.
  71. Caroline Duburcq, 2010. "The Impact of Exchange Rate Regime on Interest Rates in Latin America," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 47(135), pages 91-124.
  72. Bogdan Căpraru & Iulian Ihnatov, 2011. "The Effect Of Exchange Rate Arrangements On Transmission Of Interest Rates And Monetary Policy Independence: Evidence From A Group Of New Eu Member Countries "," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 71-81, november.
  73. Piotr Misztal, 2011. "The Feldstein-Horioka Hypothesis in Countries with Varied Levels of Economic Development," Contemporary Economics, University of Finance and Management in Warsaw, University of Finance and Management in Warsaw, vol. 5(2), June.
  74. Anella Munro & Michael Reddell, 2012. "Foreign currency reserves: why we hold them influences how we fund them," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, Reserve Bank of New Zealand, vol. 75, pages 35-45, September.
  75. Klein, Michael W. & Shambaugh, Jay C., 2008. "The dynamics of exchange rate regimes: Fixes, floats, and flips," Journal of International Economics, Elsevier, Elsevier, vol. 75(1), pages 70-92, May.
  76. Chan, Tze-Haw, 2002. "Dynamic financial linkages among the Asia Pacific economies: an empirical assessment of real interest parity condition," MPRA Paper 34642, University Library of Munich, Germany.
  77. Rashid, Abdul & Ling, Jeffrey, 2009. "Fundamentals and Exchange Rates: Evidence from ASEAN-5," MPRA Paper 22451, University Library of Munich, Germany.
  78. Heather D. Gibson & Nicholas T. Tsaveas & Thomas Vlassopoulos, 2006. "Capital Flows, Capital Account Liberalisation and the Mediterranean Countries," Working Papers, Bank of Greece 33, Bank of Greece.
  79. Hwee Kwan Chow & Peter N. Kriz & Roberto S. Mariano & Augustine H. H. Tan, 2007. "Financial Liberalization and Monetary Policy Cooperation in East Asia1," Finance Working Papers 21916, East Asian Bureau of Economic Research.
  80. Gadea, María Dolores & Kaabia, Monia Ben & Sabaté, Marcela, 2009. "Exchange rate regimes and prices: The cases of Italy, Spain and the United Kingdom (1874-1998)," Journal of International Financial Markets, Institutions and Money, Elsevier, Elsevier, vol. 19(3), pages 477-489, July.
  81. Martawardaya, Berly & Salotti, Simone, 2006. "Is It Time to Get Radical? A Game Theoritic analysis of Asian Crisis and Capital Control," MPRA Paper 2073, University Library of Munich, Germany.
  82. Dąbrowski, Marek A. & Śmiech, Sławomir & Papież, Monika, 2013. "Monetary policy options for mitigating the impact of the global financial crisis on emerging market economies," MPRA Paper 56337, University Library of Munich, Germany.