………..Overall there is much to do and understand in central banking and monetary policy. A shift in on single objective central bank to multiple objective central bank is going to be a major challenge. RBI Governor Dr.D.Subbarao recently called RBI a full service central bank as it manges so many functions together – inflation manager, public debt manager, bank regulator, external stability manager etc. It will be interesting to see the direction central banks take going forward………………..
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