Alexandre Lamfalussy
Alexandre Lamfalussy was a prominent Belgian economist and a key figure in European monetary policy, known for his role as the first president of the European Central Bank (ECB) from 1998 to 2003. He played a significant part in the establishment of the euro and was instrumental in shaping the monetary framework of the European Union. Lamfalussy's work emphasized the importance of financial stability and the coordination of monetary policies among member states. His insights and analyses have had a lasting impact on economic policy discussions in Europe, particularly regarding the balance between market discipline and governmental intervention. In the context of recent discussions on fiscal sustainability, Lamfalussy's warning about the dangers of complacency in financial stability remains relevant.
Born on May 26, 1929 (96 years old)
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Alexandre Lamfalussy warned in the Delors Report in 1989 that market discipline in normal times is too slow and weak.
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