馬拉度納

Maradona’s contribution to monetary theory

May he be forever remembered in footballing and central banking history.

Sad news from Argentina today. Diego Maradona, one of the most gifted footballers to ever play the game, has died.

While his dribbling prowess was world renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time.

Back in 2005, then Bank of England governor Lord Mervyn King described the two goals that the Argentine scored against England in the 1986 World Cup to show how central bankers had modernised.

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