DEFLATIONARY FEARS AND EXIT FROM MONETARY STIMULUS
S. Sethuraman
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2013-11-14 11:56
Globally, financial markets remain unsettled and currencies are volatile as 2003 runs out, mainly due to anticipation of a decision by US Federal Reserve by end- December to begin a gradual tapering of its unconventional monetary policy (UMP) or “quantitative easing”, while keeping intact its key policy rate at near zero for an extended period.