The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration

By Joshua Aizenman, M. Chinn, Hiro Ito. 2010

299 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/238ea4d0ac880ffdfa50d470d73dd94663d35d02

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. M. Obstfeld
2. M. Bussière
3. M. Chinn
4. Noemie Lisack
5. Gong Cheng
6. Hiro Ito
7. Hélène Rey
8. Philip R. Lane

In Finance

1. M. Obstfeld
2. M. Bussière
3. Noemie Lisack
4. Gong Cheng
5. M. Chinn
6. Hiro Ito
7. Joshua Aizenman
8. Hélène Rey

Citations in the corpus

• Domestic and multilateral effects of capital controls in emerging markets (2018, unknown): “Recent literature has argued that reserves are a fourth dimension in the trilemma, allowing countries to maintain a middle configuration (Aizenman et al., 2010).”
• For a Few Dollars More: Reserves and Growth in Times of Crises (2015, background): “Aizenman and Sun (2009), Aizenman and Hutchison (2010), Dominguez (2012) and Dominguez et al. (2012) have all addressed the following question: if international reserves are held to cope with potential external shocks, were they used during the GFC?”
• More effective than we thought: Central bank independence and inflation in developing countries (2020, unknown): “developing countries have a wide variance in capital controls (Aizenman, 2018; Aizenman et al., 2010; Obstfeld et al., 2005; Rey, 2015).”
• Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, unknown): “, the three policy goals are linearly related, as Aizenman et al. (2008) empirically proved, the efforts of increasing both MI and KAOPEN is essentially the same as lowering the level of exchange rate stability.”
• Trilemmas and trade-offs: living with financial globalisation (2015, background): “…– they seem to be less susceptible to various types of crisis, including growth collapses of the type seen recently in some euro area countries.30 29 Aizenman et al (2010) report a similar finding, and also trace over time different country groups’ approaches to navigating the monetary trilemma.”
• International reserves and swap lines: substitutes or complements? (2010, unknown): “Applying data predating the crisis, Aizenman et al. (2010) failed to find evidence that countries which pegged their currency to the dollar preformed on average better than those that allowed controlled flexibility.”