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According to the Trilemma if a country chooses a fixed exchange rate with no capital controls -international reserves must be kept in balance. -foreign and
According to the Trilemma if a country chooses a fixed exchange rate with no capital controls
-international reserves must be kept in balance.
-foreign and domestic real gdp growth must be equal
-foreign and domestic nominal gdp growth must be equal
-foreign and domestic interest rates must be equal
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