Italy’s Saccomanni calls for new exchange-rate regime framework
Fabrizio Saccomanni, the director general of the Bank of Italy, discussed the effects of macroeconomic drivers in causing the recent global financial crisis and linked the imbalance in global markets to the demise of the Bretton Woods system and a failure to standardise exchange-rate policies.
During his speech at the Chinese Academy of Social Sciences in Beijing, delivered on 15 April, Saccomanni acknowledged the financial crisis was partly the fault of regulators and their failure to correct
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