The market borrowings, however, through dated securities for the current year has been increased by about 930.00 billion due to shortfall in other financing items, primarily due to moderation in the growth rate of the economy and increased expenditure.
In its broadest form financial integration offers enormous benefits, particularly when it finances efficient resource allocation, smoothes consumption, and distributes and diversifies risk. It is especially important when linked to the global transfer of skill-enhancing technologies, and the financing of innovation and catch-up technologies. Cross-border flows can, however, present challenges for monetary policy and financial stability and it’s to these issues that I turn.