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The Impossible Trinity

The impossible trinity, otherwise known as the impossible trilemma or the Unholy Trinity, is a concept in macroeconomics that states it is impossible for a country to have all three of the following at the same time: a fixed foreign exchange rate, free capital movement, and an independent monetary policy.

By |2021-09-13T07:59:31+00:00September 11th, 2021|News|Comments Off on The Impossible Trinity
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