The Incompatibility Triangle
Launch of the euro in the late 90s, can be interpreted as a first step towards the monetarysystem outlined by Mundell. Economists have noted the incompatibility of fixed exchange regime,perfect mobility of capital and the independence of monetary policy, the so-called triangle ofincompatibility, whi...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2016-01-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
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| Online Access: | http://stec.univ-ovidius.ro/html/anale/ENG/2016/2016-I-full/Section-I/1.Amarita_Adrian.pdf |