Stefan de Vylder är den förste i världen som kommit på ett avgörande, inbyggt och ofrånkomligt fel med valutaunioner typ EMU.

Om det skrev han i en lysande artikel i Göteborgs-Posten 2002-10-22.

Han hade nämligen kommit på följande enkla (i efterhand) sak:

"Det faktum att den nominella räntan är gemensam i en valutaunion innebär automatiskt att realräntan blir lägst i de länder som har den högsta inflationen, det vill säga de som skulle behöva en hög ränta, och högst i de länder som skulle behöva stimulera ekonomin."

https://englundmacro.blogspot.com/2008/10/skall-urban-bckstrm-och-svenskt.html


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