Wednesday, January 25, 2012

Is CRR a liquidity or a monetary tool?

.... Milton Friedman famously said, “Money is far too serious to be left to central bankers.” If he had his way, monetary policy would be run through a simple rule with limited intervention from central bankers. However, reality is just the opposite, with the world being increasingly reliant on the wisdom of central bankers to help ride the economic cycles..........

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