IMPOSSIBILE TRINITY IN EXPERIENCE OF COUNTRY IN TRANSITION

The very few theories in moderneconomy are wider accepted than theorem ofimpossible trinity. Because of special conditions incountry in transition (trade deficits very often arenot responsive on change of real exchange rate,high level of country dept), we wished to check isthis theory relevant for them. Our research showsthat despite all limitations this theorem is veryrelevant, that impossible trinity is reduced at binity(almost every CIT have been liberated capitalmovement), and that all countries, except countriesat Balkans and Baltic prefer fluctuation exchangerate and independent monetary policy over thealternatives.