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Tag Archives: William White

The Money Trap revisited

What is the money trap? How can we get out of it? Let me try to reformulate the thesis of my book in the light of recent developments. Since the 1970s we have been in a period of transition to a new paradigm of monetary policy. Governments have tried various approaches to the challenges of…
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William White: Why we need to debate exchange rates

William White, formerly head of monetary and economic affairs at the Bank for International Settlements and now chair of a key OECD committee,  is one of the few mainstream economists willing and eager to keep the debate about exchange rates systems alive. Most of them want to bury it. In a paper published by the…
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Is real reform within our grasp?

Not many central bankers or regulators are willing or able to think deeply about the nature of money and the implications of the collapse of trust in banking.  Two exceptions are Mervyn King and Peter Praet. This post is about them and other thinkers worth attending to.   King’s views are well known and he…
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