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The
new Central Bank regulations being introduced
in Argentina is a welcome change, as it
marks a departure from global norms witnessed
in the recent past. The new Ley Organica
institutionalises the principle that the
function of monetary policy is to select,
prioritise and achieve a range of goals
in coordination with fiscal policy, that
includes institutionalising the ability
of the bank to implement counter-cyclical
policies to prevent further crises.
April
4, 2012. |
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