### Impossible trinity of international macroeconomics

##### Reference no: EM13888374

Economists sometimes refer to the attempt by countries to fix their exchange rates, control thier money supply, and operate with open capital accounts in their balance of payments (that is , to have no restrictions on capital movements) as the "impossible trinity" of international macroeconomics. Based on what you have learned so far, would you agree that this combination of policies is impossible to achieve? Explain.

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