UNDP states 9 major characteristics of good  BIS central bankers’ speeches  1  governance: Participation, Rule of law, Transparency, Responsiveness, Consensus orientation, Equity, Effectiveness and Efficiency, Accountability and Strategic Vision. Good governance can spur the process of economic growth and lead to gains which are tangible, equitable and inclusive. 4.
The argument that a stronger currency has an anti-poverty impact by softening inflation is quite persuasive. However, the beneficial impact depends on the extent [to which] the exchange rate [passes] through to prices. Empirical research shows that, in the Indian context, the pass through is quite low – in the range of 0.4–0.9 per cent.