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Chakravarthi Rangarajan on Monetary Policy After Liberalization

Ideas of India

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The Future of India's Financial System

During your time at the RBI, you also worked on the transition from the draconian Farrah to a legislative framework more suited to a liberalized economy. Is femur still the appropriate framework today? And if not, how would you reform it or replace it with something better? "What is happening in the rest of the world is not really encouraging anybody to go in the direction too fast"

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