De Larosière decries world monetary ‘anti-system’

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The current approach towards international monetary co-ordination is failing and has culminated in the formation of a world monetary ‘anti-system' rather than a functioning ‘system', according to an article by Jacques de Larosière, former managing director of the International Monetary Fund, published in the latest edition of the Central Banking journal. De Larosière, the chairman of Eurofi and a former governor of the Banque de France, also bemoaned that "systemic attention to risk seems to be

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