Central bank to assist in development
Click here to read full article from source
Sri Lanka, Aug. 31 -- The Central Bank of Sri Lanka is going to take active participation in the development of Sri Lanka. Governor Professor W. D. Lakshman said that indirect methods of monetary policy (through financial markets and interest rates) currently practiced are not as effective as direct credit allocation methods like subsidized interest rates, capital controls, credit ceilings, and targeted lending.
Prof. Lakshman cited Japan after the Second World War and the successful economies of East and Southeast Asia as having a high growth trajectory following the adoption of a developmental state structure.
Prof. Lakshman noted that a developmental state structure was not conceptually defined but rather a 'practical combination of ...
To read the full article or to get the complete feed from this publication, please Contact Us