Lessons on the 'Impossible Trinity'

3 Pages Posted: 13 Apr 2013 Last revised: 6 Oct 2013

Date Written: October 1, 2012


This is one of the contributions which is part of BIS Paper 68 and which was presented at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010-11, focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies.

Full publication: Challenges Related to Capital Flows: Latin American Perspectives

Keywords: Capital flows, inflation targeting, financial stability, monetary policy, macroprudential policies, exchange rates, foreign reserves, BIS, LACEA

JEL Classification: E52, E58, F31, F32, F41, G28

Suggested Citation

Moreno, Ramon, Lessons on the 'Impossible Trinity' (October 1, 2012). BIS Paper No. 68e. Available at SSRN: https://ssrn.com/abstract=2206282

Ramon Moreno (Contact Author)

Independent ( email )

No Address Available
United States

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