Wednesday, August 22, 2012

Barry Eichengreen. 1992. Golden Fetters

I just started reading this, and it seems to give us hints on the Eurozone crisis. According to Eichengreen, the inter-war gold standard was the cause of financial instability and the subsequent Great Depression because of lack of leadership credibility and cooperation, both of which Europeans do not have right now. Pretty easy to read and not so much technical.

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