BIS Review 163/2009  3  Business correspondent model 15. Possibly the most important initiative of the Reserve Bank has been the Business Correspondent (BC) model. The BC model ensures a closer relationship between poor people and the organized financial system.
Clearly, we also need a much better grasp of the global implications of domestic economic policy decisions, especially in the case of the largest economies. Are there reasons for optimism looking forward? Even if limited in scope and depth, the recent reform of the global economic governance structure was simply unthinkable a few years ago.