Dear Governor of the Bank of Italy, the risk of political paralysis in Europe has never been so high and the anti-integration forces could spread a spiral of nationalist policies. The weight of debt, the lack of growth and the rise of protectionism could spark financial strains and make higher inflation more likely
De-globalization trends pose challenges to the financial stability and to the international cooperation with a substantial impact on the domestic monetary policy. UK after Brexit could be a case study.
The secular forces of Financial openness and technological change could reverse this slow down trends?
