Also read about the "impossible trinity": 1. Fixed exchange rate 2. Free movement of capital 3. Independent monetary policy You can have at most t

Also read about the "impossible trinity": 1. Fixed exchange rate 2. Free movement of capital 3. Independent monetary policy You can have at most two, but not all three at once.[0] 0. https://en.wikipedia.org/wiki/Impossible_trinity https://en.wikipedia.org/wiki/Impossible_trinity