ECB's Bini Smaghi on overcoming moral hazard problems
Lorenzo Bini Smaghi, a member of the European Central Bank's (ECB) executive board, on Thursday discussed the moral hazard challenges associated with the eurozone central bank's unconventional policy measures.
At the Forum for EU-US Legal-Economic Affairs in Rome, Italy, Bini Smaghi said the economic and financial crisis exposed a series of institutional problems related to the roles and responsibilities of various authorities at national and supranational level. He said the confusion between
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