| The A-List - Lorenzo Bini Smaghi: Fiscal cliff lessons from the eurozone crisis |
|
If a central bank gives the impression that it stands ready to be the
“only game in town”, it will end up being played. The other policy
makers will have no incentive to take on their own responsibilities.
This will ultimately drag the central bank into monetising the debt and
lose its reputation. http://link.ft.com/r/NA70KK/ |
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Monday, November 19, 2012
Lorenzo Bini Smaghi: Fiscal cliff lessons from the eurozone crisis
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