Monday, September 23, 2013

Two approaches to financial quandary

......In monetary terms, India is zigging while Indonesia is zagging, despite the many common challenges that have pummelled their currencies and markets in recent weeks. Both must balance a need to preserve economic growth for large, heavily poor populations, while at the same time preventing a build-up of inflation that might discourage longer-term investments - a balancing act that has bedevilled policymakers in the US and other affluent countries over the years.........

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