Sri Lanka has historically signalled what other countries can expect to face amidst global economic…
Interest Rate Conundrum C.P. Chandrasekhar and Jayati Ghosh
With interest rates and bond yields turning negative in many developed countries, the efficacy of monetary policy as a counter cyclical instrument is in question.
Interest_Rate_Conundrum (Download the full text in PDF format)
(This article was originally published in the Business Line print edition dated March 14, 2016.)