6min chapter

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François Villeroy de Galhau on the Ethics of Currency

IMF Podcasts

CHAPTER

The Golden Triangle of Trust

Trust relies on three key elements, and this is what i call the golden triangle. Independence, mundate and accountability of central banks are being challenged to day. The populist ideology creates an atmosphere of general mistrust of institutions. At worst, it would call into question our democracy and its necessary checks and balances.

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