I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. - Joseph E Stiglitz Quotes
On the contrary, exchange rate movements still play an important role in facilitating more efficient resource allocations in the long run. - Toshihiko Fukui Quotes
Asset price fluctuations have important implications for promoting more efficient resource allocations and achieving sustained growth in the long run. - Toshihiko Fukui Quotes