- 12 References Ando, Albert (1981). “On a Theoretical and Empirical Basis of Macroeconometric Models,” in J. Kmenta and J.B. Ramsey, eds., Large-Scale Macro-Econometric Models: Theory and Practice. New York: North-Holland, pp. 329-68. Blinder, Alan S., and John Morgan (2005). “Are Two Heads Better Than One? Monetary Policy by Committee,” Journal of Money, Credit, and Banking, vol. 37 (October), pp. 789-811.
The implementation of the RTGS System will also open up newer avenues for product innovation, arising out of Intra-day liquidity management and the consequential financial support to be extended to other RTGS participants with inferior Liquidity Management infrastructure. Further, the fee based RTGS services extended to the customers will also provide a source of additional revenue.