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Impossible Trinity: Evolution of Malaysia's Exchange Rate System
🇲🇾Malaysia once fixed the ringgit to the USD. Today? It floats. But why the change? It all ties back to one idea in economics: the Impossible Trinity, The Impossible Trinity says no country can have all three: 🌍 Free capital movement 💵 A fixed exchange rate 📊 Independent monetary policy Watch this week’s EdgeUP for the full ...
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