Trilemmas and tradeoffs: living with financial globalization
This paper evaluates the capacity of emerging market economies (EMEs) to moderate the domestic impact of global financial and monetary forces through their own monetary policies. I present the case that those EMEs able to exploit a flexible exchange rate are far better positioned than those that dev...
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Autor principal: | Obstfeld, Maurice |
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Formato: | Artículo |
Lenguaje: | eng |
Publicado: |
Banco Central de Chile
2019
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Materias: | |
Acceso en línea: | https://hdl.handle.net/20.500.12580/3815 |
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