Faculty News

Professor Lawrence White shares how Italy's political crisis will impact financial markets

Excerpt from CNBC -- "Italy is an issue. We've got the common currency and if they decide they want to pull out of it, that can lead to a lot of disruption. Imagine that you have a deposit in an Italian bank and they say they want to pull out of the Euro. Do you want to leave your deposit in that Italian bank and maybe you'll end up with Lira and you don't know what the exchange rate is going to be, or will you want to move it maybe to a German bank in Germany? ... I can imagine a lot of fluctuations in the markets as new particular events hit the front page."

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