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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Sunday, January 30, 2011

Monetary Policy Review

Bangladesh Bank published the recent edition of its Monetary Policy Review (MPR, Vol. IV, No. 2, October 2010) with new data and analysis on monetary developments of the Bangladesh economy. It's a worth reading at this time, especially when everyone talks a lot about role of the central bank's policies in determining stock prices.

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