As I have often had occasion to observe, a change in the legal form provides a golden opportunity for strengthening corporate governance to permit more rapid access to capital markets and facilitate mergers that could help to increase profitability. It is not for the authorities to suggest or impose any merger plans, which must be identified and decided by the corporate bodies themselves.
For example, McDermott J (2012) “The Future of Inflation Targeting” (2015) “The Dragon Slain? Near-Zero Inflation in New Zealand”, Wheeler G (2014) “Reflections on 25 Years of Inflation Targeting” (2015) “Some Thoughts on the Inflation Outlook and Monetary Policy”. 4  BIS central bankers’ speeches  There have been assertions that inflation targeting is broken because inflation is low.