In an open economy with free capital flows, the central bank can
This situation is described by the "Impossible Trinity" or "Trilemma" in international economics, which states that it is impossible for a country to have all three of the following at the same time: a fixed foreign exchange rate, free capital movement, and an independent monetary policy. In an open economy with free capital flows, the central bank can either stabilize the exchange rate or set the interest rate, but it cannot do both simultaneously. If the central bank tries to set the interest rate, it loses control over the exchange rate, and vice versa.
What is ‘Biomining’, recently seen in the news?
The premium for Pradhan Mantri Jeevan Jyoti Bima Yojana increased from Rs 330 to Rs____?
Where are the headquarters of Infosys ?
Which state has the highest winners in India Skills 2021 national competition?
What is the name of the market where traders buy and sell stocks for immediate delivery?
Who honored with “Pravasi Bhartiya Samman” award 2023 ?
Consider the following statements with reference to Banking Ombudsman Scheme:
I. The scheme will provide red...
____________ Government is set to launch an open-air classroom programme Paray Shikshalaya (Neighbourhood Schools) for primary and pre-primary students.
Which film won the Best Feature Film Award at the 69th National Film Awards?
RBI recently launched new service, called UPI 123Pay, for _____________________.