Fighting Disinflation

J. L. Martínez Campuzano (Spanish Banking Association) | Little by little it’s being acknowledged. Just this Thursday, the President of the ECB openly admitted that monetary policy has its limits in terms of driving growth and stimulating inflation. And in fact, history tells us that monetary policy is more efficient for fighting inflation than for creating it.



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Why Brexit is more dangerous for the continent – and Spain- than for the UK

The British economy has absorbed Brexit well and one of the reasons for this soft landing is the pound’s devaluation. But the pound’s weakness is already a problem for the Eurozone, particularly for Spain, and if this is prolonged it will be an even bigger one. Furthermore if Europe is stagnating, how Spain can be doing as well as the government says? Are we living on an island?

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A Global Financial World (Or The Herd Instinct In The Markets)

J.L.M. Campuzano (Spanish Banking Association) | You will agree that the messages we are getting from the main central banks fuel more distrust than certainty. The scenario is complex. And part of this complexity comes precisely from the current uncertainty which translates into a greater correlation between the financial markets and assets at a global level.

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