Redrado on monetary policy in Argentina

In the speech 'Overview of monetary and financial policy in Argentina' given on 20 December Martin Redrado of the Central Bank of Argentina said the main obstacle to implementing inflation targeting is the small size of the financial system.

"This does not ensure the adequate functioning of monetary policy transmission mechanisms and results from the deep shrinkage experienced by our banking system after the crisis. Based on the current scenario, in an economy that still makes intensive use of

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