Aditi Sahasrabuddhe on the Role Central Banker Relationships Play in Economic Crises
Macro Musings with David Beckworth
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The Power of Relationships in Central Banking
This chapter explores how personal relationships among central bankers significantly impact economic decisions during crises. Using historical examples like Louis Frank and the dynamic between Montague Norman and Benjamin Strong, it illustrates the essential role of trust and interpersonal connections in effective policy-making. The discussion emphasizes the interplay between social skills and economic leadership, particularly during times of uncertainty.
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