Readers wondering about why coordination among central bankers matters (as in today's coordinated rate cut) may benefit from this old post from 2006. The subject is a NY Times piece by Hal Varian.
From the archives... "The Dance of the Bankers" or why coordination matters
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This page contains a single entry by William Polley published on October 8, 2008 12:38 PM.
Coordinated rate cut was the previous entry in this blog.
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