Mugur Isărescu: Monetary policy during transition. How to manage paradigm shifts

  • Mugur Isărescu, Robert Aliber
  • Published 2012


I started my career back in August ’71, the day after President Nixon announced the suspension of gold-convertibility of the US dollar and the introduction of a 10 percent surcharge on American imports, thus marking the dismantling of the Bretton Woods System. We all know what happened next: in an attempt to preserve a system of fixed exchange rates, the… (More)