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SUMMARY:CFM Cambridge-INET talk: Trilemma in crisis: economics and politic
 s in Qatar (15 December 2017) - Khalid Alkhater
DTSTART:20171215T130000Z
DTEND:20171215T140000Z
UID:TALK96949@talks.cam.ac.uk
CONTACT:Cambridge-INET Institute\, Faculty of Economics
DESCRIPTION:The open economy trilemma states that a country cannot simulta
 neously pursue monetary stabilisation\, fix its exchange rate and maintain
  an open capital account. In this presentation I will first discuss how Qa
 tar experimented policy solutions around the trilemma while maintaining it
 s exchange rate fixed during the 2008 global financial crisis\, with money
  market rate collapsing near the zero lower bound and inflation reaching r
 ecord high rate in recent history. Second\, I will analyse how stabilisati
 on policy evolved in response to the current political crisis in the Gulf\
 , focusing on how Qatar has so far been dealing with an economic blockade 
 imposed on it by three neighboring countries in addition to the boycott by
  Egypt. Effective policy responses rest on understanding how this blockade
  is impacting the economy\, by identifying the areas of major exposure as 
 well as potential sources of strength.
LOCATION:Meade Room\, Faculty of Economics\, Cambridge
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