Age old research issues for EMEs like external sector sustainability assessment, feasible range of policy options to preserve sustainability, and analysis of their effectiveness have once again come to the forefront, more so because the nature and size of the spillover risk is very different now. 10.
Accordingly, from 2012 onwards banks and other financial intermediaries will be required to transmit the data on financial movements on customers’ accounts to the authorities for the purpose of tax audits.