ECB’s Bini Smaghi revisits Triffin dilemma


Fundamental tensions between short-term domestic policy incentives and the stability of the international monetary system, as identified by the Triffin dilemma, continue to exist today, Lorenzo Bini Smaghi, a member of the European Central Bank's executive board, said on Monday.

At the Conference on the International Monetary System at the Triffin International Foundation, in Brussels, Bini Smaghi said: "Short-sighted policies that support unsustainable growth models not only tend to fuel the

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