Thursday, March 19, 2009
The Impossible Trinity, also known as the Inconsistent Trinity, Triangle of Inconsistency or the Unholy trinity is a theory in international economics saying its not ordinarily possible to have all the three of the following at the same time...
A Fixed Exchange Rate regime
An independent monetary policy and
Total Convertibility (both capital and current)
In the original model proposed by Robert Mundell and Marcus Flemming, no country could aim to achieve all the three of the above simultaneously and it would have to necessarily focus on two of them and leave out the third to the mercies of the powers that be....
In the current recessionary madness the same could be said of the placements in B-Schools.
And this analogy was thought out by me and me alone... (too many people are claiming for this, I hear. I should write a paper on this maybe.