Part III. . 1. Complete the following diagram of international monetary policy trilemma in an open economy.

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Part III. . 1. Complete the following diagram of international monetary policy trilemma in an open economy. A policy goal for one vertex and a policy regime (or choice) for one side are given. Complete the triangle by inserting for the remaining vertexes and sides." (a) Mana tory policy outtamy (1) Floating ( b ) Financial exchange rate Controls (e) Free movement ( c) Exchange rate of capital stability (d) Hard peg Fired exchangerate

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Part III. . 1. Complete the following diagram of international monetary policy trilemma in an open economy.

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