India central bank chief wants global rules to monitor central bank policies

March 12, 2016 11:02 AM

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India central bank chief wants global rules to monitor central bank policies

NEW DELHI/MUMBAI India's central bank 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 analyze the "spillover" effects of monetary policies and assign green, orange and red grades to indicate which should be used and which avoided.

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