||Mitchell, Travis; Bynoe, Ryan; (2008)
This paper follows the theoretical approach of Shambaugh (2004) and attempts to investigate the theory of the impossible trinity. According to Mundell and Krugman (1999) a country can choose between two of three monetary policy options: a fixed exchange rate, capital mobility and monetary independence.
6. Exchange Rate Regimes, Capital Mobility and the Probability of Monetary Independence in the Caribbean.pdf