The financial trilemma

D. Schoenmaker

Research output: Contribution to JournalArticleAcademicpeer-review


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. © 2011 Elsevier B.V.
Original languageEnglish
Pages (from-to)57-59
JournalEconomics Letters
Issue number1
Publication statusPublished - 2011


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