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		rchaud on May 10, 2022 \| parent \| context \| favorite \| on: UST Stablecoin Loses Dollar Peg Start with Investopedia articles. Here's one on currency pegs, and why most governments don't have free floating exchange rates. https://www.investopedia.com/terms/c/currency-peg.asp

DiogenesKynikos on May 10, 2022 [–]

Also read about the "impossible trinity":

  1. Fixed exchange rate
  
  2. Free movement of capital
  
  3. Independent monetary policy

You can have at most two, but not all three at once.[0]

0. https://en.wikipedia.org/wiki/Impossible_trinity

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