th  September 11 and their implications for monetary policy and international co-operation 1  In his well-known address to the American Economic Association in 1968, Milton Friedman stated that: “The first and most important lesson that history teaches us about what monetary policy can do...is that monetary policy can prevent money from being a major source of economic disturbance.
Banks can raise funds from the market by way of infrastructure bonds, and the assets financed by such funds are exempted from the Priority sector lending requirements and the funds raised are exempted from reserve requirements. More recently, we have allowed banks to raise such funds by way of masala bonds, as well 6.