Speeches | 19 November 2010

Meet the trilemma

Large-scale capital inflows are forcing policymakers in emerging markets to choose between exchange rate appreciation, domestic adjustment, and capital controls. Increasingly, they are choosing the third option.Mark Thirlwell

  • Mark Thirlwell

Large-scale capital inflows are forcing policymakers in emerging markets to choose between exchange rate appreciation, domestic adjustment, and capital controls. Increasingly, they are choosing the third option.Mark Thirlwell

  • Mark Thirlwell