Thursday 24 May 2018
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1 months ago

Mundell Trilemma and China s Monetary Policy Independence

Event Description: EAI Distinguished Public Lecture Speaker: Professor Yu Yongding (Academician and Senior Fellow of Chinese Academy of Social Sciences, China) Abstract: According to Mundell Trilemma, a country cannot simultaneously have more than two of the following three: (1) a fixed exchange (2) independent monetary and (3) free international capital flows. However, over the past two decades, with an inflexible exchange rate and porose capital controls, the People s Bank of China (PBOC) has someh

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Mundell

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Trilemma

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China

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Monetary

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Policy

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Independence

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