tectonic changes in monetary policy
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Tectonic changes in monetary policy:
- ExitRajanandEnterPatel
- Inflation Targeting
- FCNEscare
- Demonetisation.
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ANSWER:
Tectonic changes in monetary policy are which has a major impact on the economy.
EXPLANATION:
The financial markets are dependent on the policies of the central bank or reserve bank of India. The role of emerging markets and changes in the global economy has brought in certain changes in the financial sectors.
The economic integration through financial and trade linkages has increased and this has initiated the changes in the monetary policies. In 2007 there was a global financial meltdown which resulted in a major social, economic, financial and political tectonic shift.
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