English Dictionary

impossible trinity

名詞

(economics) A fixed foreign exchange rate, free capital movement, and an independent monetary policy: three things that are said to be impossible to have at the same time.

日本語の意味

不可能三位一体：固定為替相場、自由な資本移動、独立した金融政策という、同時に実現するのが不可能であるとされる3つの政策条件を指す経済学の概念。

When a small open economy tries to maintain a fixed exchange rate while allowing free capital flows, it often discovers the impossible trinity prevents an independent monetary policy.

小さな開放経済が固定為替相場を維持しつつ資本の自由な移動を認めようとすると、しばしば不可能三角が独立した金融政策を妨げることが分かる。

意味（1）

(economics) A fixed foreign exchange rate, free capital movement, and an independent monetary policy: three things that are said to be impossible to have at the same time.