Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272135 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 23 [Issue:] 5 [Year:] 2022 [Pages:] 56-64
Publisher: 
CESifo GmbH, Munich
Abstract: 
Domestic (but not foreign) borrowing became cheaper after the 17th century financial revolution. Trilemmas present a way of weighing the losses and gains from trade-offs from capital openness. The policy limitations on democracy resulting from capital openness may be treated analogously. Limitations from the international system or order can also be treated in this manner. The 17th century domestic analogy suggests a need for coordinated or linked up global governance.
Document Type: 
Article

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