Impairment of monetary autonomy: Case of “trilemma” vs. “duo”
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DOI: 10.1016/j.econlet.2019.06.007
Abstract: Abstract In a unified framework comprising 33 diverse economies, this study investigates the role of flexible exchange rate regime vis-a-vis capital controls in providing insulation against monetary autonomy impairment. We find both of them to… read more here.
Keywords: monetary autonomy; trilemma duo; impairment monetary;