ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Way Ahead for Emerging Markets

Finance and Monetary Policy beyond Neo-liberalism

Against the backdrop of the North Atlantic financial crisis that erupted in 2007–08, this article looks into the changing role of central banks and the monetary and financial sector policies and the challenges of managing the tensions of this impossible trinity, especially from the standpoint of the emerging market economies. Lessons derived from the crises observed in the past three to four decades, whether in the emerging markets or the advanced economies, suggest that financial markets are inherently unstable. Hence, the article concludes that the emerging economies need to practice enhanced and active surveillance of their financial sector in their quest for maintaining of high growth along with financial stability.



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Updated On : 30th Mar, 2020

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