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Impossible trinity
statement in international economics that that it is impossible to have at the same time a fixed foreign exchange rate, absence of capital controls, and an independent monetary policy
Pronunciation
/ɪmˈpɒsɪbəl ˈtrɪnɪti/
/ɪmˈpɑsəbəl ˈtrɪnədi/
Categories
trilemma
statement
economic theorem