The problem is there isn’t actually centralisation on the global level, let alone harmonisation. Fiscal policies don’t work if there is no political streamlining. There is no such streamlining if there isn’t any grassroots and political will.
I’m speaking from the EU experience. The euro isn’t really causing problems. The difference is that the European Central Bank is regulated than IMF.
You should start by learning about the atrocities of the International Monetary Fund and then let your learning journey wander from there.
IMF doesn’t issue any currencies. You should read more than you think you know.
Yes, I understand that. I’m addressing the effects that centralizing monetary power globally can have.
The problem is there isn’t actually centralisation on the global level, let alone harmonisation. Fiscal policies don’t work if there is no political streamlining. There is no such streamlining if there isn’t any grassroots and political will.
I’m speaking from the EU experience. The euro isn’t really causing problems. The difference is that the European Central Bank is regulated than IMF.