What Part of the Trilemma Does a Free Floating Exchange

question 42

Short Answer

What part of the trilemma does a free floating exchange rate regime fail to accomplish?

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Definitions:

Contractual Obligations

Legal commitments arising from contracts that parties have agreed to and are bound to fulfill.

Major Modification

A significant change or alteration to the original terms, structure, or conditions of an agreement or object.

Assignment

Shifting the possession of property, the burden of obligations, or rights from one side to another.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the owner retains ownership until the goods are sold.