The authors discuss the concept of the "Impossible Trinity" or the inability to achieve simultaneously the goals of exchange rate stability, full financial integration, and monetary independence. If a country chooses to have a pure float exchange rate regime, which two of the three goals is a country most able to achieve?
A.
monetary independence and exchange rate stability
B.
exchange rate stability and full financial integration
C.
full financial integration and monetary independence
D.
A country cannot attain any of the exchange rate goals with a pure float exchange rate regime.