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The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time. (Part 5 of 6) Playlist link - • 60 Second Adventures in Economics Transcript link - http://podcast.open.ac.uk/feeds/3998_... Free learning from The Open University - A brief history of... Black Wednesday http://www.open.edu/openlearn/money-m... Study a free course on Managing my money at the Open University http://www.open.edu/openlearn/money-m... Study R30 BA (Honours) Economics http://www.open.ac.uk/courses/qualifi... The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University http://www.open.edu/openlearn/ For more like this subscribe to the Open University channel / @openlearn_ou Like us on Facebook: / ouopenlearn Follow us on Twitter: / oufreelearning #OpenUniversity #Economy