National policies alone cannot prevent a crisis : RBI�s International Research Conference concludes
Give the known challenges, every central bank has to move in the direction of taking right steps that it may feel as appropriate despite lack of consensus on many critical issues, without waiting for the global system to move. It would be wrong, however, as noted by Mr. Stephen Roach, to presume that �best global policies are the sum of the best national policies�. In a globalised world, nation
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