Countries, Mundell observed, can not simultaneously enjoy the advantages of free capital movements, a stable exchange rate and an independent monetary policy. (bankofcanada.ca)
But as they do so, they will have to weigh the merits of lower taxes against the competitive advantage that can be had from sound finances (lower interest rates, stable exchange rate) and a spending regime that addresses income inequality and encourages productivity. (macleans.ca)
He said: «The goal of the plan is to have an economy with low inflation, stable exchange rate and a diversified inclusive and sustaining growth. (nigeriapoliticsonline.com)