Tuesday, March 6, 2012

Economics: Pre-Crisis Consensus vs. Post-Crisis Confusion

………..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………………..

Read................. 

No comments: