A not-so-merry Christmas message

Giving the Henry Thornton lecture at the Cass Business School in London on Wednesday 15 December, the economic historian Barry Eichengreen gave his view on the international financial system, and issued a worrying warning to those that downplay the current turmoil in the currency markets. Paul Brione reports.

Professor Eichengreen started his lecture by examining the proposition that the current international financial system could be described as "Bretton Woods reborn". This holds that just as

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