Italians dream that the ECB (European Central Bank) will ma… - Rudi Dornbusch

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Italians dream that the ECB (European Central Bank) will make their life easier than the Bundesbank does now... The new central bank is certain to establish itself at the outset as a direct continuation of the German central bank.

Rudi Dornbusch

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About Rudi Dornbusch

Rüdiger "Rudi" Dornbusch (June 8, 1942 – July 25, 2002) was a German economist, who worked for most of his career in the United States.

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Alternative Names: Rudiger W. Dornbusch • Rudiger Dornbusch

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James Meade James Tobin Lawrence Klein John Maynard Keynes Peter Schiff

Additional quotes by Rudi Dornbusch

The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices... losses in output and employment (and pressure on the European central bank to inflate) will predominate.

The most likely scenario is that EMU (Economic and Monetary Union of the European Union) will occur but will neither end Europe’s currency troubles nor solve its prosperity problems.

The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.

Italians dream that the ECB (European Central Bank) will make their life easier than the Bundesbank does now... The new central bank is certain to es… - Rudi Dornbusch

About Rudi Dornbusch

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