These changes pose serious challenges in the conduct of monetary policy. Depending on the particular situation facing the Indian economy at a particular time, RBI has been changing its monetary policy stance from time to time. The monetary policy is formulated in view of the estimated rate...
The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Democratic Republic of the Congo or the Executive Board of the IMF. The policy of publication of staff reports and other documents by the IMF allows for the ...
Moreover, there are also contemporary examples that point in a similar direction. These include the ISIS project to launch a tri-metallic currency system in order to challenge Western money; the accumulation of gold holdings (by states like China, Russia, India and Turkey) because it represents ...
Monetary Policy is a strategy used by the Central Bank to control and regulate the money supply in an economy. It is also known as credit policy. In India, the Reserve Bank of India looks after the circulation of money in the economy. There are two types of monetary policies, i.e. exp...
This paper aims to trace the monthly responses of equity prices, long-term interest rates, and exchange rates in Asian developing markets to the US unconventional monetary policy (UMP). The main research question is to explore whether UMP shocks exist in those markets. We also consider the diff...
policy is aimed at creating a positive economic impact, not only on the subsidized beneficiaries, but also on their surrounding local economy. This strategy seeks to boost the activity of local stores, usually small and medium enterprises, and to increase the effectiveness and impact of public ...