hongsy
Joined 9 years ago
Karma
666
Submissions
38
Member since
Jun 30
Joined 9 years ago
The impossible trinity (also known as the impossible trilemma or the Unholy Trinity) is a concept in international economics and international political economy 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