ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Pitfalls of Synchronisation with Global Policy Trends

During the past couple of years or so, the economic system has been readjusting itself to the new congenial financial sector environment of a relatively soft interest rate. Therefore, the current policy posture of pushing up rates of interest on the ground of inflation and rising global rates is likely to cause harm. In a developing economy there is enough evidence to prove that"â??even in a world with significant economic integration, the welfare gains from international coordination are likely to be quantitatively small in comparison to gains from domestic stabilisation policy".

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