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(economics) A fixed foreign exchange rate, free capital movement, and an independent monetary policy: three things that are said to be impossible to have at the same time.

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impossible trinity

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impossible trinity

noun

(economics) A fixed foreign exchange rate, free capital movement, and an independent monetary policy: three things that are said to be impossible to have at the same time.

The impossible trinity refers to the concept in economics where it is impossible to have all three of fixed foreign exchange rate, free capital movement, and an independent monetary policy at the same time.

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(economics) A fixed foreign exchange rate, free capital movement, and an independent monetary policy: three things that are said to be impossible to have at the same time.

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impossible trinity

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