Hiro Ito

TL;DR: This article examined whether the behavior of current account balances changed in the years preceding the global crisis of 2008-09, and assessed the prospects for global imbalances in the post-crisis period.

TL;DR: This article examined the effect of the trilemma policy configurations on macroeconomic performance and found that the three policies, monetary independence, exchange rate stability, and financial openness, affect the medium-term level of inflation.

TL;DR: In this paper, the authors outline new metrics for measuring the trilemma aspects: exchange rate flexibility, monetary independence, and capital account openness, taking into account recent substantial international reserve accumulation.

TL;DR: This paper investigated the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis and found that a developing or emerging market country with a higher degree of relative policy divergence is more likely to experience a currency or debt crisis.

TL;DR: The authors investigate the medium-term determinants of the current account using a model that controls for factors related to institutional development, with a goal of informing the recent debate over the existence and relevance of the "savings glut."