THE EFFECTIVENESS OF TRILEMMA POLICY CHOICE IN THE PRESENCE OF MACROPRUDENTIAL POLICIES: EVIDENCE FROM EMERGING ECONOMIES
Juhro, S.M and Prabheesh, K. P. and et al, . (2021) THE EFFECTIVENESS OF TRILEMMA POLICY CHOICE IN THE PRESENCE OF MACROPRUDENTIAL POLICIES: EVIDENCE FROM EMERGING ECONOMIES. The Singapore Economic Review. pp. 1-33. ISSN 0217-5908
Full text not available from this repository. (Request a copy)Abstract
This paper examines the effectiveness of the trilemma policy choice, in the presence of macroprudential policies in ten emerging market economies. We address this issue due to the extensive use of macroprudential policies to maintain financial stability in the aftermath of global financial crisis. Our overall findings suggest that adoption of macroprudential policies with monetary policy helps to maintain macroeconomic stability in 6 out of 10 cases, and with capital account openness being effective only in three cases. Our findings suggest that the emerging economies' policymakers can optimize the effectiveness of trilemma policy choice by giving more weightage to macroprudential policies along with exchange rate stability and monetary policy.
| IITH Creators: |
|
||||
|---|---|---|---|---|---|
| Item Type: | Article | ||||
| Uncontrolled Keywords: | Macroprudential policy; Monetary policy independence; Policy mix; Trilemma | ||||
| Subjects: | Literature Social sciences Social sciences > Social Services |
||||
| Divisions: | Department of Liberal Arts | ||||
| Depositing User: | . LibTrainee 2021 | ||||
| Date Deposited: | 13 Jul 2021 06:55 | ||||
| Last Modified: | 04 Oct 2022 09:21 | ||||
| URI: | http://raiithold.iith.ac.in/id/eprint/8269 | ||||
| Publisher URL: | http://doi.org/10.1142/S0217590821410058 | ||||
| OA policy: | https://v2.sherpa.ac.uk/id/publication/9769 | ||||
| Related URLs: |
Actions (login required)
 |
View Item |
|
Statistics for this ePrint Item |
Altmetric
Altmetric