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Barry Eichengreen | The Legacy of the Great Moderation: Currency, Populism, and Credit

Hidden Forces

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Is the Euro a Currency Peg?

The euro is harder to get out of than the Argentine currency peg was or gold standard pegs. It's one of an interlocking set of political bargains that a country like Italy has made with its EU partners. The UK has one slight advantage in terms of getting out of the European Union, which is that it still has sterling.

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