
What Adrian Orr just learned about the global economy
When the Facts Change
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Where Is the Inflation Challenge?
Euro is in a really tough position where they have a single minetary policy, but they don't have a joinet fiscal policy. The closer to that region of the world am, the harder the higher actual inflationis. Any any country that is trying to fix or manage ther exchange rate is really struggling at the moment. If you want to peg yourslf the uis dollar, you are having to intervene ind your own currency and set up capital controls. You leverage ratios on banks and loquidity in capital. So it's expensive and complex to have.
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