01252nam a22002657a 4500 OSt 20231027094041.0 231027b |||||||| |||| 00| 0 eng d STCPL ENG Aariya Sen, et al. The Reserve Bank of India’s trilemma choice : A tale of five governors EPW Vol.58; No.41 - 14 Oct. 2023 pp. 17-22 The Reserve Bank of India, like most central banks, has to choose between the three corners of the impossible trinity, that is, free capital flows, monetary policy independence and exchange rate stability. This article uses the Aizenman et al (2008) framework to analyse the trilemma choice of the RBI over 2000–22. The results provide interesting insights into the RBI’s shifting position in managing the impossible trinity over the years. ECO Fiscal Responsibility and Budget Management (FRBM) Act Reserve Bank of India Monetary policy Capital flows Exchange Rate Stability https://www.epw.in/journal/2023/41/commentary/reserve-bank-indias-trilemma-choice.html ARTICLE ddc ddc 0 80544 80544 0 0 ddc 0 0 ECO STCPL STCPL BVS 2023-10-27 0 2023-10-27 00:00:00 2023-10-27 ARTICLE