Unlike advanced economies, it is hard to ignore the significant role of exchange rate gyrations when making monetary policy decisions…
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Inflation-targeting (IT) frameworks have gained widespread popularity among global central banks over the last few decades. According to IMF, as…
Financial globalisation and dollar invoicing has reduced the effectiveness of exchange rate as a tool to manage the economy.
Given the lack of fiscal space, its failure as a macroeconomic tool does not bode well for the country
Allowing greater banking competition could contribute to strengthening the transmission channel indirectly
