EM central banks should take cue from ‘the best in the world', says RBI governor
Due to different macroeconomic and institutional contexts, the challenge of adapting to a post-crisis world is even greater for central banks in emerging economies, Reserve Bank of India (RBI) governor Duvvuri Subbarao said yesterday in a speech at the European Economics and Financial Centre in London.
Subbarao stressed that emerging market central banks must learn to manage policy making in a globalizing environment by taking their cue from "the best in the world," and adapt the lessons to "the
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