ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Failure to Break with Monetarist Approach

The most disappointing aspect of the credit policy statement for 1999-2000 is the Reserve Bank's failure to break with the crude monetarist approach of the past and bring to bear newer perspectives on monetary policy formulation as demanded by the state of the economy.

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