Rajan wants global rules to monitor RBI policies | Reuters - Firstpost
You are here:

Rajan wants global rules to monitor RBI policies | Reuters

#India   #LinkedIn   #markets   #Personal finance   #Small business   #Technology   #Videos  


NEW DELHI/MUMBAI Reserve Bank of India (RBI) governor Raghuram Rajan called on Saturday for global central banks to adopt a system for assessing the wider impact of their policies.

He proposed that a group of academics should measure and analyse the "spillover" effects of monetary policies and assign green, orange and red grades to indicate which should be used and which avoided.

The monitoring system could be adopted through an international agreement along the lines of the Bretton Woods currency agreement or through the International Monetary Fund, Rajan said.

(Reporting by Rajesh Kumar Singh, Neha Dasgupta, and Rafael Nam; Editing by Catherine Evans)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Mar 12, 2016 17:15 IST

Comment using Disqus

Show Comments