A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis
The purpose of this essay is to discuss the effectiveness of monetary policy in a fixed exchange rate system with perfect capital mobility and an analysis of the Impossible Trinity thesis, with the IS-LM-BP framework. Section 1 analyses the implications of capital mobility. Section 2 explains the...
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| Format: | Article |
| Language: | English |
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Universidad de Guadalajara
2016-12-01
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| Series: | Expresión Económica |
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| Online Access: | http://expresioneconomica.cucea.udg.mx/index.php/eera/article/view/799 |
| _version_ | 1827825542759448576 |
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| author | Carlos Aviña |
| author_facet | Carlos Aviña |
| author_sort | Carlos Aviña |
| collection | DOAJ |
| description |
The purpose of this essay is to discuss the effectiveness of monetary policy in a fixed exchange rate system with perfect capital mobility and an analysis of the Impossible Trinity thesis, with the IS-LM-BP framework.
Section 1 analyses the implications of capital mobility. Section 2 explains the IS-LM model framework. Section 3 analyse the balance of payments. Section 4 discusses the relationship between the balance of payments and the monetary accounts. Section 5 discusses the implications of monetary policy with perfect capital mobility. Section 6 discusses the monetary policy effectiveness and conclusions.
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| first_indexed | 2024-03-12T02:51:36Z |
| format | Article |
| id | doaj.art-c8db078c49c14f2d8cc7877dce8c9224 |
| institution | Directory Open Access Journal |
| issn | 1870-5960 |
| language | English |
| last_indexed | 2024-03-12T02:51:36Z |
| publishDate | 2016-12-01 |
| publisher | Universidad de Guadalajara |
| record_format | Article |
| series | Expresión Económica |
| spelling | doaj.art-c8db078c49c14f2d8cc7877dce8c92242023-09-04T01:47:45ZengUniversidad de GuadalajaraExpresión Económica1870-59602016-12-011310.32870/eera.vi13.799A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” ThesisCarlos Aviña0Universidad de Guadalajara The purpose of this essay is to discuss the effectiveness of monetary policy in a fixed exchange rate system with perfect capital mobility and an analysis of the Impossible Trinity thesis, with the IS-LM-BP framework. Section 1 analyses the implications of capital mobility. Section 2 explains the IS-LM model framework. Section 3 analyse the balance of payments. Section 4 discusses the relationship between the balance of payments and the monetary accounts. Section 5 discusses the implications of monetary policy with perfect capital mobility. Section 6 discusses the monetary policy effectiveness and conclusions. http://expresioneconomica.cucea.udg.mx/index.php/eera/article/view/799-- |
| spellingShingle | Carlos Aviña A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis Expresión Económica -- |
| title | A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis |
| title_full | A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis |
| title_fullStr | A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis |
| title_full_unstemmed | A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis |
| title_short | A Brief Discussion of the Effectiveness of Monetary Policy in a Fixed Exchange Rate System With Perfect Capital Mobility and an Analysis of the “Impossible Trinity” Thesis |
| title_sort | brief discussion of the effectiveness of monetary policy in a fixed exchange rate system with perfect capital mobility and an analysis of the impossible trinity thesis |
| topic | -- |
| url | http://expresioneconomica.cucea.udg.mx/index.php/eera/article/view/799 |
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