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TRILEMMA: Using mathematical expressions that represent the goals of the trilemma, show that if a nation has a fixed exchange rate and monetary policy autonomy,
TRILEMMA: Using mathematical expressions that represent the goals of the trilemma, show that if a nation has a fixed exchange rate and monetary policy autonomy, international capital mobility cannot hold. You may prove this via contradiction, if desired. [8 pts.]
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
