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1. Given the Trilemma, if a country has the free flow of capital and an independent monetary
policy, the country's exchange rates will likely be ___.
fixed
floating
2.How did the market respond during the Mexican Peso crisis? Was the response efficient or did
the market overact? Why
fixed
floating

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  • 1. 1. Given the Trilemma, if a country has the free flow of capital and an independent monetary policy, the country's exchange rates will likely be ___. fixed floating 2.How did the market respond during the Mexican Peso crisis? Was the response efficient or did the market overact? Why fixed floating