but as it is already, peripheral countries have almost zero ability to set monetary policies. Basically only the US, the EU, Japan and China can do that. The rest of the world is effectively managed by the central banks of the bigs, and even then it is really the US Fed that is in control. He's just ceding what little control the argentine central bank had.
but as it is already, peripheral countries have almost zero ability to set monetary policies. Basically only the US, the EU, Japan and China can do that. The rest of the world is effectively managed by the central banks of the bigs, and even then it is really the US Fed that is in control. He's just ceding what little control the argentine central bank had.