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Loose monetary policy

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  • This actual unfolding of events vindicate the position that inflationary pressures stems from a number of factors, including supply side constraint, the global rise in prices of food and oil, the diversion of land for bio-fuel production, loose monetary policy in emerging economies, and the adoption of an expansionary fiscal policy. Hence the policy of across-the-board restriction of derivatives trading in agricultural commodities appears to be unjustifiable, inequitable, and counter-productive.

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  • the future of banking edited by thorsten beck a voxeu.org .the future of banking a voxeu.org .centre for economic policy research (cepr) centre for economic policy research 3rd floor 77 bastwick street london, ec1v 3pz uk tel: +44 (0)20 7183 8801 fax: +4 (0)20 7183 8820 email: cepr@cepr.org web: www.cepr.org © centre for economic policy research, 2011 isbn (): 978-1-907142-46-8 .the future of banking a voxeu.org edited by thorsten beck .

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