Duvvuri Subbarao: Leveraging cooperative advantage Inaugural address by Dr Duvvuri Subbarao, Governor of the Reserve Bank of India, at the International Conference on “Leveraging cooperative advantage” as part of celebrating the International Year of Cooperatives at the College of Agricultural Banking, Pune, 16 November 2012. *  *  *  1.
the need for adjustment through the domestic economy) and towards other countries (arising from negative spillovers linked to unbalanced domestic policies). A coherent and viable architecture of EMU ought to be based on more integrated frameworks for budgetary matters, economic policy, financial sector and democratic accountability.