Economy, asked by pranit9968, 11 months ago

China's exchange rate 1994 2005 impossible trinity triangle

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Answered by kapil10760
0

The impossible trinity (also known as the trilemma) is a concept in international economics which states that it is impossible to have all three of the following at the same time:

  • a fixed foreign exchange rate
  • free capital movement (absence of capital controls)
  • an independent monetary policy

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