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M. Obstfeld, J. C. Shambaugh and A. M. Taylor, “The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility,” Review of Economics and Statistics, Vol. 87, No. 3, 2005, pp. 423-438. doi:10.1162/0034653054638300

has been cited by the following article:

• TITLE: Emerging Asia’s Version of the Mundell-Fleming Model

  AUTHORS: Suresh Ramanathan, Kian Teng

  KEYWORDS: Mundell-Fleming Model; Capital Mobility; Foreign Exchange Markets; Monetary Policy; Emerging Asia

  JOURNAL NAME: Modern Economy, Vol.4 No.9, September 5, 2013

  ABSTRACT: This paper explains the Mundell-Fleming model in the context of Emerging Asia economies management of capital mobility. Central Banks and Financial Regulators in Emerging Asia adopt a modified version of the model that incorporates two vital levers, a policy driven and a market driven method that is adaptable to the magnitude of capital flow. A policy combination mix of both policy and market driven provides smooth monetary policy signal transmission to exchange rates.