Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2011-01-31
Number: 11-019/2/DSF 7
Author-Name: Dirk Schoenmaker
Author-Workplace-Name: Duisenberg School of Finance and VU University Amsterdam
Title: The Financial Trilemma
Abstract: The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe.
Classification-JEL: F33, G28, H41
Keywords: Financial Stability, Public Good
File-Url: https://papers.tinbergen.nl/11019.pdf
File-Format: application/pdf
File-Size: 117456 bytes
Handle: RePEc:tin:wpaper:20110019