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Stanley Fischer citáty

Stanley Fischer is an Israeli American economist and former vice chairman of the Federal Reserve. Born in Northern Rhodesia , he holds dual citizenship in Israel and the United States. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank. On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors. On September 6, 2017, Stanley Fischer announced that he was resigning as Vice-Chairman for personal reasons effective October 13, 2017. Wikipedia  

✵ 15. október 1943
Stanley Fischer fotka
Stanley Fischer: 2   citáty 0   Páči sa

Stanley Fischer: Citáty v angličtine

“Currency competition and free banking might increase the efficiency of the financial system, and bring some small triangle welfare gains. But the key question is whether their adoption would improve macroeconomic performance. Even though Salin argues (p. 281) that ‘the best system is that which produces the least inflation’, fluctuations in output are also expensive.
Hayek states that the adoption of his proposal would end recessions. There is absolutely no reason to believe that. Nineteenth century history is evidence that free banking and currency issue, in the wrong legal and regulatory framework, can produce rather than reduce instability. The proponents of free banking and currency issue in this volume do not go much beyond a general belief in competition in justifying their views; they have certainly not explored the necessary legal and regulatory environment in any detail.”

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Stanley Fischer

Stanley Fischer, "Friedman versus Hayek on Private Money: Review Essay" (1986)

“I still think Keynesian economics is extremely important, and if anybody didn’t think so, this crisis should have made them rethink.”

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Stanley Fischer

Stanley Fischer, quoted in Dylan Matthews, "Stan Fischer saved Israel’s economy. Can he save America’s?" http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/15/stan-fischer-saved-israels-economy-can-he-save-americas/, washingtonpost.com, 2013/02/15

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