Issing, O (2004), “Inflation targeting: A View from the ECB”, Federal Reserve Bank of St. Louis Review, Vol. 86, No.4, July/August. Jalan, B (2002), “Monetary Policy: Is a Single Target Relevant?”, In India’s Economy in the New Millennium: Selected Essays (ed.). B. Jalan, Mumbai: UBS Publishers Distributors.
2)  Independent from Government involvement and implementation of central bank’s policy and operational functions – the Governor is solely responsible and accountable for monetary policy. The Governor also has sole responsibility for licensing and supervising the financial system, exchange rate management, and exchange control regulations.