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Sunday, September 22, 2013

Matias Vernengo — The position of the dollar was enhanced by the crisis


All the talk about an impending run on the USD due to "printing money" was wildly mistaken.


Naked Keynesianism

The position of the dollar was enhanced by the crisis
Matias Vernengo | Associate Professor of Economics, University of Utah

1 comment:

  1. Possibly the USD was enhanced more by the inherent problems of the Euro than by the crisis as such. I.e. even if there had been no banking crisis, the disparities in competitiveness as between core and periphery in the Eurozone would have come to a head anyway at some stage.

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