Central banks policy response to protect depression risks: RBI governor
Policy response from the central bank should be seen as an insurance against the protracted depression risk, however there is no real way of judging whether the central banks are over-insuring or underinsuring, said Dr Duvvuri Subbarao, governor, Reserve Bank of India (RBI).

“If indeed the world has over-insured, then there is a risk that all this liquidity has the potential to...

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