Publication
3 Jul 2007
This paper sheds light on the development of monetary policy since the end of the Bretton Woods arrangement and how monetary economists interpreted it. The paper explores how key features emanating from financial liberalization, globalization and the growing ascendancy of domestic and financial markets have considerably narrowed the latitude of monetary policy. The paper argues that financial liberalization in the least developed countries is often artificial, premature and with little adaption to domestic conditions.
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English (PDF, 15 pages, 132 KB) |
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Author | Dilip M Nachane |
Series | ISAS Insights |
Issue | 21 |
Publisher | Institute of South Asian Studies (ISAS) |
Copyright | © 2007 National University of Singapore |