Speech by Stanley Fischer of the IMF

SPEECH - In his speech titled 'Breaking Out of the Third World: India's Economic Imperative' Fischer said the Indian monetary policy of not trying to peg a particular value for the rupee was good economics and that all the eight countries which experienced financial crises had pegged exchange rates.

Address by Stanley Fischer1, Special Advisor to the Managing Director, India Today Conclave, New Delhi, 22 January.

Breaking Out of the Third World: India's Economic Imperative

1. Introduction

Mr

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