The last 12th and 13thof April the Official Monetary and Financial Institutions Forum (OMFIF) hold their Pre-IMF Spring Meetings Roundtable that counted with the intervention of Prof Brigitte Granville, CGR Director. She has summarized the key points of her intervention in a piece recently published in OMFIF’s bulletin.
The OMFIF, founded in January 2010, is an independent platform for dialogue and research on world finance that serves as a non-lobbying network for promote public and private sector interaction across law and economics, with the aim of fostering exchange of information and best practices. “The Bulletin” is OMFIF’s monthly publication, featuring in-depth news and expert commentary on the financial industry and capital markets.
In her article, Prof Granville argues that core countries need exchange rate realignment in order to climb out of a Euro-induced low growth trap. She puts forward a compelling case that monetary integration has entrenched competitiveness divergences. Below you can read the full article:
You can also read it on OMFIF’s webpage through the following link.
- “Resolving the Euro drama: Core countries need to exchange rate realignment” by Brigitte Granville, Advisory Board.
If you are interested in more commentary of Prof Brigitte Granville on the Eurozone we recommend you the previous CGR’s posts:
- “Versailles in Athens: the implications of German government policy for Greece”
- “Prof Granville on the links between the Euro and France’s competitiveness in The Telegraph”
- “The IMF and the Eurozone, fireman or arsonist?”
- “Can France Reform itself within the Euro?”
- “The Economic Consequences of Greece”
Also more detailed analysis can be found on Prof Granville CGR Working Papers:
· Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015
by Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer
by Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer
cgrblog.com 