Monetary Policy Regimes – Classical to Modern

By Huge H

What are the different monetary policy regimes? How are they different from one another? How do they work? How have they transitioned over a period of time? It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution…

Monetary Policy Frameworks – An overview

By Huge H

What is Monetary Policy? Why is it important? What frameworks can central banks deploy? What is the difference between conventional and unconventional monetary policy? Monetary policy is like juggling six balls… it is not ‘interest rate up, interest rate down.’ There is the exchange rate, there are long term yields, there are short term yields,…

Fixed vs Flexible Exchange Rate – A Primer

By Huge H

We look at the raging questions on the fixed vs flexible exchange rate conundrum. The trilemma vs dilemma debate and the impact on monetary policy independence with the choice of exchange rate mechanism is also explored. Exchange rate understandings are of little use on their own. ~Charles Dallara Whenever we see news of exchange rate…