Seminar by Hiro Ito: Optimization of the Trilemma Constraint and Its Determinants

ADBI, Tokyo, Japan : 16 August 2013

The brown bag seminar discusses Hiro Ito's paper on the "impossible trinity," or the "trilemma," stating that countries can achieve to the full extent only two, but not all at once, of the three open macro policy goals of exchange rate stability, monetary policy autonomy, and financial openness--while they could also implement a policy of intermediate levels of all three.

ADBI website