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

Hidden Forces

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Getting Out of the Euro Is Harder Than Brexit

London is the biggest euro-based financial center in Europe. But I think getting out of the euro is even harder than Brexit because of this point that your contracts are all denominated in what's about to be somebody else's money. How do we move forward in Europe when we have some of these peripheral countries that operate so differently than the core? It works with great difficulty.

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