Take responsibility: ECB’s Bini-Smaghi to EMEs

bini-smaghi

Emerging markets that have called for a bigger voice on the international stage should be mindful of their own monetary policy shortcomings, Lorenzo Bini-Smaghi, an executive board member of the European Central Bank, said Friday.

In remarks delivered in Washington DC, he said: "The paradox of major emerging market economies asking for a greater say in global governance, but at the same time shying away from responsibility in monetary matters has thus far captured little attention. Many importan

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